Indonesia and Russia have signed a deal to trade Su-35 fighter jets for palm oil and coffee.
A memorandum of understanding (MoU) was signed between Indonesian state trading company PT Perusahaan Perdagangan and Russian state conglomerate Rostec in Moscow and more details about the expected deal will be announced in the coming days by the Indonesian trade and defense ministers, Indonesian trade ministry official Imam Pambagyo was quoted as saying by Bangkok Post Sunday.
"This barter under the supervision of both governments hopefully will soon be realised through the exchange of eleven Sukhoi SU-35s and a number of Indonesian exports, starting from coffee and tea to palm oil and strategic defence products," Trade Minister Enggartiasto Lukita said in a statement released on Friday.
There were no details on the value of the deal or the quantity of commodities Indonesia would potentially ship to Russia.
Russia is currently facing a new round of US-imposed trade sanctions, while Indonesia is trying to promote its palm oil products amid threats of a cut in consumption by European Union countries.
South Korea will deliver a submarine built by Daewoo Shipbuilding and Marine Engineering to Indonesia. South Korean Defense Minister Song Young-moo plans to discuss issues seeking closer ties with Indonesia as part of efforts to expand its overall arms trade
Thailand Air Force (RTAF)s Six F16 fighter jets and few fighter jets of the Indonesian Air Force (TNI AU) are holding a joint military training exercise known as Elang Thainesia XVIII 2017. Further "the training will be held from today for the next two weeks," Roesmin Nurjadin Air Force Base Commander Marshall Age Wiraksono said Monday
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Indonesia is planning to buy six drones from China that can detect, identify and attack. The government is looking for a drone manufacturer which sells quality drone at affordable price and offers transfer of technology to help the country achieve self-reliance in defense industry, Defense Minister Ryamizard Ryacudu was quoted as saying by Antara News Wednesday
Indonesia has started developing a large medium altitude long endurance (MALE) military drone which it plans to test in 2019. A consortium consisting of aircraft maker PT Dirgantara, Indonesian Agency for Assessment and Application of Technology (BPPT), state-owned electronic firm PT LEN, the Ministry of Defense and Security and the Bandung-based Institute of Technology is preparing to conduct a flight test for its larger Medium Altitude Long Endurance (MALE) drone in 2019
African Nations such as Senegal, Guinea Bissau and Gabon plan to purchase advanced warships from Indonesian state-owned company PT PAL for which it has sought an export license from the government. Senegal wants to place an order for a Landing Platform Dock (LPD) or amphibious warship, and two units of guided missile fast ship (frigates) while Guinea Bissau and Gabon each wanted two units of 60 meters guided missile fast ships, Chief Executive of PT PAL Budiman Saleh said in Jakarta on Thursday
Indonesia will reportedly set up a team to study planned procurement of Russian Su-35 fighter jets, covering all aspects of the agreement signed early this year. Speaking at a coordination meeting held to discuss the planned procurement in Jakarta on Friday, Coordinating Minister for Political, Legal and Security Affairs Wiranto said the team will also look at the subsequent process of developing Korean Fighter Xperiment/Indonesian Fighter Xperiment (KFX-IFX)
Indonesia's Defense Minister Ryamizard Ryacudu said on Thursday that the Russian-built Su-35S ‘Flanker-E multirole fighter jets ordered for the country's air force come with an entire weapons package. "They will be well-equipped with weapons because we have additional weapons on discount," Ryacudu, stated at the Presidential Palace was quoted as saying by Antara News
Indonesia has offered to pay $570 million worth of commodities in addition to cash for 11 Sukhoi Su-35 fighter jets worth $1.14 billion from Russia
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