Australian Prime Minister Anthony Albanese speaks throughout a joint press convention with New Zealand Prime Minister Jacinda Ardern following a gathering on the Commonwealth Parliamentary Offices in Sydney, Australia, June 10, 2022. REUTERS/Loren Elliott
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WELLINGTON, June 11 (Reuters) – Australia Prime Minister Anthony Albanese mentioned on Saturday that his authorities had reached a 555 million euro($583.58 million)settlement with France’s Naval Group over the choice final yr to scrap the French submarine deal.
“This is a fair and equitable settlement,” mentioned Albanese in a information convention.
He mentioned the settlement adopted discussions with French President Emmanuel Macron and he thanked him for the cordial means through which the connection between Australia and France was being re-established.
Australia final yr scrapped a multi-billion-dollar order for submarines with French army shipyard Naval Group and opted as an alternative for an alternate deal with the United States and Britain. The transfer enraged Paris and had triggered an unprecedented diplomatic disaster.
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Reporting by Lucy Craymer
Editing by Shri Navaratnam
Our Standards: The Thomson Reuters Trust Principles.
Australia reaches settlement with France over scrapped submarine deal & More Latest News Update
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