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.
Indonesian Trade Minister Enggartiasto Lukita said in a joint statement with Defence Minister Ryamizard Ryacudu Tuesday that details of the type and volume of commodities were “still being negotiated”, Today Online reports. Previously he had said the exports could include palm oil, tea, and coffee.
The deal, to be carried out between Russia's Rostec and PT Perusahaan Perdagangan Indonesia, is expected to be finalised soon.
Meanwhile, Russia is currently facing a new round of US-imposed trade sanctions. The EU and US have targeted Russia with sanctions for alleged meddling in the US presidential election and its annexation of Ukraine's Crimea.
Recently, Indonesian Trade Minister Enggartiasto Lukita had said the sanctions, which have forced Russia to seek new markets to import from, could be good news for Jakarta.
Indonesia is trying to promote its palm oil products amid threats of a cut in consumption by European Union countries.
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
Russia and Indonesia have agreed an offset obligation program that outlined the Su-35 fighter jet's concept, as well as arranged delivery times and training programs. "The theoretical work is completed
Russia and Indonesia have reached an agreement for the latter to purchase eight Su-35 fighter jets. A formal contract is expected to be signed before the end of the year
Indonesia has finalized the purchase of 11 Su-35 fighter jets with 85% offsets which includes 50% commodity exports to Russia and 35% in aircraft maintenance, repair and overhaul (MRO) of the $1.1 billion deal
The Indonesian Armed Forces have received first five M113 Arisgator amphibious armored personnel carriers from Italy. The armored personnel carriers developed by Iralian Aris SpA( Applicazioni Rielaborazioni Impianti Speciali) were delivered on-board a transport aircraft of Singapore Airlines,
Indonesia is waiting Russias decision to barter 11 Sukhoi fighter jets with Indonesian commodities including furniture, coffee and sugar, trade minister Enggartiasto Lukita said in Jakarta Monday. "We give them time to discuss it internally," he said at the Presidential Palace compound
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