France suspended the delivery of the first of two Mistral-class warships to Russia because of Moscow's aggressive actions in eastern Ukraine.
Hollande's office said in a statement on September 3 that the "conditions" were not in place to deliver the warship, a controversial deal that has led to criticism from many of Paris's Western allies.
Russian Deputy Defense Minister Yury Borisov was quoted as saying the French decision "is unpleasant" but "not a tragedy" for Russia’s "rearmament" and reform plans.
The U.S. State Department said France had made a "wise" decision.
The first warship was to have been delivered to Russia in October.
French officials said the issue would be reviewed in November.