FRANCE: ‘ Paris regrets loss of Russian Arms Market ‘
#AceNewsReport – FRANCE:Exclusive Interview:June.14: While France is taking a hard anti-Russian stance due to the Ukrainian crisis, other European nations are busy signing new billion-dollar contracts with Russia, said Philippe Migault, a military expert from the French Institute of International and Strategic Affairs.
Since French companies don’t have access to the two main global arms markets – the United States and China – they face fierce competition for markets in the Middle East and Asia.
That is why voluntarily losing the Russian market, one of the most promising and emerging arms markets in the world, is a silly move on behalf of the French government, Migault told Sputnik France in an exclusive interview.
“We risk regretting this very soon,” the military expert said.
France had the opportunity to deliver two Mistral-class helicopter carriers to Russia; however, Paris complied with Washington’s pressure and decided to cancel the $1.3 billion contract.
France went against its own idea of economic patriotism, highly regarded during the current economic crisis, by abandoning the Mistral deal. Economic patriotism requires the support of exports and the protection of jobs, but France did the exact opposite by cancelling the arms deal