UAE freezes major contract with France amid Pavel Durov's arrest

UAE suspends $10 billion deal with France in response to the arrest of Pavel Durov, increasing pressure on the French authorities for his release.

France is facing serious pressure over the arrest of Telegram CEO Pavel Durov, which has resulted in UAE puts major deal on hold. The UAE has taken a major decision to suspend a contract to buy fighter jets from France in response to the detention of Pavel Durov. The UAE Foreign Ministry has also asked the French government to immediately provide consular services to Durov to facilitate his release following his sudden arrest on Saturday.

UAE suspends contract

The United Arab Emirates has taken additional steps to provide consular and other assistance to Telegram CEO Pavel Durov, supporting his release following his atypical arrest, according to reports on August 28. The move was likely made due to the French government’s lack of support in response to a recent UAE request.

Now the UAE has suspended its order for 80 fighter jets from France, in a surprising turn in relations between the two countries. Arab and French media reports also claim that military cooperation between the UAE and France has been temporarily suspended, casting serious doubt on the future of bilateral relations.

Recently, the UAE Ministry of Foreign Affairs also sent a request to the French government to provide Durov with all necessary consular services. Consular assistance will help the Telegram CEO obtain legal and other assistance in this case, which will help speed up his release from custody.

Will France Free Pavel Durov?

France is currently under international pressure from countries such as the UAE and Russia to release Pavel Durov. Discontent with France is also growing, which calls for the release of the Telegram CEO.

Tech CEOs, celebrities and politicians have been pressuring France, raising questions about its control of free speech and authoritarianism. French President Emmanuel Macron has rejected the claims, saying “France is deeply committed to freedom of expression and communication, innovation and the entrepreneurial spirit.” He added that the arrest was related to an ongoing judicial investigation, not a political decision.

Toncoin Price to Rise After Potential Release in September

The price of TON has dropped by only 1% in the last 24 hours, despite the widespread market crash and the blockchain glitch. The price is currently at $5.34. According to Polymarket, there is a 71% chance of Durov being released from custody by September 30. Another forecast also puts the probability of his release by September 15 at 38%. However, the chances of his release have increased after the intervention of the UAE.

Trade turnover between the UAE and France typically amounts to around 6 billion euros per year, underlining the stability of economic ties between the countries. France's main exports include aircraft, cars and machinery, while the UAE exports oil and aluminum.

A $10 billion deal to buy 80 Rafale fighters could significantly increase that trade. The suspension of this deal could be a serious blow to France, as it would mean a significant loss in terms of economic cooperation and revenues.which could improve the 2023 figures.

Author's opinion: I would like to remind you that the UAE has officially joined BRICS. Participation in BRICS provides the UAE with opportunities to diversify its economy and strengthen trade ties with other members of the bloc, including China, India and Russia. Hopefully, some readers will now have a different opinion about the BRICS member countries. Macron's pasta is already burning, and the Saudis haven't even started giving up heavy French luxury, maybe that's still to come. There is an alternative.

P.S. I have a suspicion that both America and Russia “read” the telegram (in terms of the fight against terrorism), but France does not.

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