Russia could not be seeing its two new ships any time soon, after the French government said it would suspend the delivery of the two Mistral-class amphibious attack ships ordered for the Russian Navy. France continues to monitor the situation in Ukraine as it decides what to do with the warships.

On Wednesday France announced that it would suspend the delivery of the Mistral-class ships under construction, according to the Washington Post. The $1.7 billion sale has been under scrutiny since the Ukraine crisis began and France has finally caved to E.U. and U.S. pressure to suspend the sale.

"The recent actions by Russia in eastern Ukraine are contrary to the basic notions of security in Europe," said a statement by the French government. However, the sale of the warships has not been called off but France has not stated whether they would deliver the ships in the future.

The deal was finalized on January 2011 and comprises the construction of four ships. The first two will be built in France by DCNS while the second pair will be built in Russia.

According to Bloomberg, the French government is currently weighing how to handle the possible breach of contract, if the ships are not delivered. France would have to refund the money and then find new buyers for the ships under construction.

However, Compagnie Francaise d'Assurance pour Le Commerce Exterieur SA, known as Coface, insures DCNS, covering the military contractor for any potential risk, including an arms embargo.

France24 reports that Oleg Bochkaryov, deputy chairman of the government's Military-Industrial Commission told Interfax, "If the contract is suspended, the French side's headache will be worse than ours."

Russia, nonetheless, continues to believe the ships will be delivered. RIA Novosti reports Russian Industry and Trade Minister Denis Manturov is still remaining positive about the situation.

"We believe that the contract will be fulfilled in accordance with the volume agreed on that was established at the according time," he said.

According to Interfax, construction of the ships' facilities in the Pacific port of Vladivostok, the warships' intended home base, continues. Only a cancellation order can halt the construction of the berths.