SYDNEY—Australia’s new authorities stated it will pay 555 million euros to France’s Naval Group to settle a terminated contract to purchase French submarines, because it strikes to reset ties with a key ally in the Indo-Pacific area.
Prime Minister Anthony Albanese stated the settlement—equal to round $584 million—resolved a problem that had precipitated a deep rift in diplomatic relations after the previous authorities led by Scott Morrison in September canceled the submarine cope with France to pursue a brand new safety partnership with the U.S. and the U.Ok.
Australia Settles Submarine Deal With France in Reset of Relations & More Latest News Update
Australia Settles Submarine Deal With France in Reset of Relations & More Live News
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Australia Settles Submarine Deal With France in Reset of Relations & More News Today
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