Russia is in talks with French military manufacturer Panhard on the purchase of 500 light armored vehicles for its border guards, a Russian military think-tank said on Friday.

“Negotiations are being held on [the purchase of] 3.1-ton light armored vehicles Vehicule Blinde Leger on a 4×4 wheel platform,” the Center for the Analysis of the World Arms Trade said on its website, citing Panhard Chairman Christian Mons.

The contract could amount to $260 million, the statement said.

The vehicles are meant for the Federal Security Service border guards.

Russia is also continuing talks with France on a $2 billion contract to buy Mistral class helicopter carriers for the Russian Navy.

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