Procurement: France Declines Billion Dollar Deal With Venezuela

Archives

March 12, 2006: French President Jacques Chirac has officially rejected Venezuela's bid to buy two Scorpone-Class diesel submarines. While France has sold military equipment to Venezuela over the years, sales have been modest (averaging no more than $1 million annually). The submarine deal would have involved serious money (a billion dollars or more), but the French rejected it for several reasons. Chirac is trying to rebuild relations with the U.S., but there's also serious concern about Venezuela's unstable President Hugo Chavez. French investments in Venezuela have been among those "foreign" interests threatened with "nationalization" by the Chavez regime. In addition, Chavez' barely veiled threats against the Netherlands West Indies and Guyana makes senior French diplomatic and military leaders concerned about his ambitions in the Caribbean.

 

 

Article Archive

Procurement: Current 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 


X

ad Help Keep Us Online!
 

Help Keep Us Afloat! Go to other sites on the World Wide Web and they look like the a mad marketer has gained control of them. Lots of ads and little content! Ad revenues are down for everyone! We don’t want to follow the crowd. But here is the deal we cannot keep our site relative ad free without your support. Each month we need your subscriptions or contributions plus what meager ad revenue we do receive to stay in business. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..

Drake appreciates any help you can give him.

Subscribe   Contribute   Close