Australia

Australia agrees payout, ending France submarine spat

Anthony Albanese has rushed to fix strained relations with France, New Zealand and with Pacific Island nations

Australia unveiled a substantial compensation deal with French submarine maker Naval Group Saturday, ending a contract dispute that soured relations between Canberra and Paris for almost a year.

Prime Minister Anthony Albanese said the French firm had agreed to a “fair and an equitable settlement” of 555 million euros (US$584 million) for Australia ending a decade-old multi-billion-dollar submarine contract.

Originally published as Australia agrees payout, ending France submarine spat

Place of originAustralia agrees payout, ending France submarine spat

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