Will France Release Pavel Durov as UAE Puts Order Worth $10 Billion on Hold

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As a seasoned researcher and analyst with years of experience in global politics and economic dynamics, I find this turn of events between the UAE and France particularly intriguing. The UAE’s decision to halt a multi-billion dollar contract over the detention of Telegram CEO Pavel Durov is a bold move that underscores the growing influence of tech entrepreneurs in international relations.

As an analyst, I find myself expressing that in response to the unexpected detention of Telegram CEO Pavel Durov, the UAE has chosen to momentarily suspend a deal for purchasing fighter jets from France. Simultaneously, the UAE foreign ministry has made a request to the French government to swiftly offer consular assistance, aiming to facilitate Durov’s release from police custody.

The UAE Suspends $10 Billion Jets Contract With France

On August 28th, it was reported that the United Arab Emirates made additional efforts to help provide consular assistance and aid to Telegram CEO Pavel Durov, with the aim of securing his release following an unconventional detention. This action may have been prompted by a perceived lack of backing from the French government in response to their recent petition by the UAE authorities.

The UAE has temporarily paused its 80 jet order with France, signifying an unanticipated shift in their mutual ties. Both Arabic and French news outlets suggest this pause extends to military collaboration between the two nations, casting doubts on the state of their partnership moving forward.

Lately, the United Arab Emirates’ foreign office has made an application to the French government for Durov to receive all essential consular aids. These consular services are intended to provide immediate legal and other assistance to Telegram CEO, potentially leading to his swift release from detention.

Will France Release Pavel Durov?

Currently, France faces increasing global calls, particularly from nations like the UAE and Russia, to free Pavel Durov. The demand for his release, including that of the CEO of Telegram, remains a growing concern.

Leading figures from tech, entertainment, and politics are applying pressure on France, sparking debates about free speech management and potential authoritarianism. In response, President Emmanuel Macron affirmed France’s unwavering dedication to the principles of free expression, innovation, and entrepreneurship. He explained that the recent arrest was part of an ongoing legal investigation rather than a political move.

Toncoin Price Will Rally After Potential Release in September

1 TON‘s price dropped only 1% over the past 24 hours, even with the broader market downturn and network interruption, currently standing at $5.34. Over this period, its lowest and highest prices were $5.15 and $5.63 respectively. Moreover, there has been a 28% decrease in trading volume within the last 24 hours, suggesting less engagement from traders.

Based on Polymarket’s data, it appears there’s approximately a 71% likelihood that Durov will be freed from police custody before September 30th. Another prediction market bet indicates a 38% probability of his release by September 15th. Notably, the odds seem to have risen following UAE’s intervention in this matter.

Will France Release Pavel Durov as UAE Puts Order Worth $10 Billion on Hold

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2024-08-28 09:38