Romania Cancels 1.2 Billion Euro Warships Deal With France’s Naval Group
[ad_1]
BUCHAREST (Reuters) – Romania’s defence ministry stated late on Tuesday it has cancelled a long-delayed deal to purchase 4 warships from French agency Naval Group after the corporate and a junior accomplice failed to satisfy a deadline to signal a contract.
Defence agency Naval Group received the contract to construct 4 Gowind navy corvettes for Romania and renovate two present frigates for 1.2 billion euros ($1.32 billion) in 2019 in partnership with Romanian firm Santierul Naval Constanta.
However the deal was held up, first by authorized challenges after which by the 2 firms failing to achieve an understanding regarding rising prices.
Romania’s navy is the least modernised of its army branches. The nation, a NATO state since 2004 and EU member since 2007, has ramped up its defence spending to 2.5% of GDP this yr in response to Russia’s invasion of Ukraine.
The nation, which shares a 650km (400-mile) border with Ukraine, hosts a U.S. ballistic missile defence system and, as of final yr, has a everlasting NATO battlegroup stationed on its territory led by France.
Political Cartoons on World Leaders
(Reporting by Luiza Ilie; Enhancing by Andrew Heavens)
Copyright 2023 Thomson Reuters.
[ad_2]
Source link
