French Government Loses $17 Billion Amid Pavel Durov's Arrest
The French government is facing significant financial repercussions after the arrest of Pavel Durov, the founder of Telegram. In a surprising move, the UAE has frozen a $17 billion deal to purchase 80 Rafale fighter jets from France, expressing strong disapproval of Durov’s detention.
The UAE, where Durov is a citizen, has labeled the arrest as "outrageous." Durov is known to have close ties with the Deputy Prime Minister of the UAE, Hamdan Al Maktoum, which adds another layer of complexity to this international incident.
The halt of this massive arms deal highlights the serious diplomatic strain between France and the UAE over the situation. While France has defended its legal process, the UAE’s actions signal deep dissatisfaction and could lead to further consequences.
This incident underscores the potential fallout when business, politics, and legal matters collide on a global scale. The world will be closely watching to see how both countries navigate this tense situation.
Stay tuned for updates.
