Alva Review-Courier -

Indonesia barters coffee, palm oil for Russian fighter jets

 

August 6, 2017



JAKARTA, Indonesia (AP) — Indonesia said Monday that it will barter coffee, palm oil and other commodities for 11 Russian-made Sukhoi fighter jets, calling U.S. and European sanctions against Russia an opportunity to boost the Southeast Asian nation's trade.

Indonesian Ministry of Trade spokesman Marolop Nainggolan said that a memorandum of understanding for the barter was signed Aug. 4 in Moscow between Russia's Rostec and PT. Perusahaan Perdagangan Indonesia, both state-owned companies.

In a statement, Indonesian Minister of Trade Enggartiasto Lukita said the deal would be realized soon...



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