"Today the conditions have not been met," Michel Sapin told French radio, as Paris faced mounting pressure from Western partners to scrap the deal over Russia's role in the Ukraine crisis.
Sapin stressed there needed to be "a situation in Ukraine that tends towards normality, which allows things to calm down", adding that Russia needed to play a "positive role" before the warship could be delivered.
"On a certain level things are going better. From other points of view, there are still concerns, so today the conditions are not met," the minister said.
This was swiftly denied by the French manufacturer.
A spokesman for the naval defence group DCNS said it was waiting for government authorisation to export the first ship, adding: "No delivery date can therefore be confirmed at this stage."
French Defence Minister Jean-Yves Le Drian said Tuesday that the decision on whether to deliver the state-of-the-art warship to Moscow would be made in November.
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