Mistral-class warships

France to refund $1 billion to Russia for warships

In a bill going to France's lower house of Parliament next week, the government detailed for the first time the agreement reached with Russia last month.

The "only condition" laid down by Russia is to receive the money "as soon as possible," the legislation said. The amount includes all advances paid by Russia, but no penalties or compensation payments.

France will be able to sell the warships to another country.