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...