Australia to pay BRL 2.9 billion in damages to French submarine company

Australia to pay BRL 2.9 billion in damages to French submarine company

The agreement is expected to reaffirm relations between Australia and France. Photo: Reuters/Benoit Tessier.

  • Australia this Saturday (11) announced a €555 million deal with French submarine maker Naval Group;

  • In September 2021, Scott Morrison, the then Prime Minister of Australia, abruptly broke his contract with France to build submarines;

  • The agreement is expected to reaffirm the ties between the two countries.

Australia on Saturday (11) announced a deal with French submarine maker Naval Group worth around €2.9 billion at current prices, around BRL 555 million, as compensation for the cancellation of a contract to build a fleet of submarines. diesel.

Australian Prime Minister Anthony Albanese claimed the company had agreed to a “fair and equitable deal” of the amount. As such, the agreement marks the end of the fighting that broke diplomatic ties between Canberra and Paris in September 2021.

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At the time, the then Prime Minister of Australia, Scott Morrison, abruptly severed the French contract, which had been in the works for years, and announced that he would choose nuclear submarines from the United States and Britain.

This stance angered French President Emmanuel Macron, who accused Morrison of fraud. In this period, the attitude also ended to affect relations with China, which denounced the new alliance.

Contact between the countries remained stable until the election of a new centre-left Albanian leader last month. Now, the multi-million deal is expected to confirm the ties between Australia and France.

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About the author: Cory Weinberg

"Student. Subtly charming organizer. Certified music advocate. Writer. Lifelong troublemaker. Twitter lover."

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