Indonesia has applied for a bank loan as part of a signed contract for the procurement of Russian Su-35 Fighter jets, reported theDeputy Director of the Federal Service for Military-Technical Cooperation of Russia, Vladimir Drozhzhov.
"There are several directions that we had to follow simultaneously with the signing of the contract. Work continues. A bank loan must be secured and now we are handing this arrangement, “said Drozhzhov.
Earlier, sources informed that Indonesia would receive a commercial loan from Russia for the purchase of 11 Su-35 Fighter jets. Reports said that it would be commercial and not a state loan.
Russia signed the contract for the supply of 11 multifunctional fighters Su-35 Indonesia in mid-February. The amount of the contract exceeds $ 1 billion.
As noted, in accordance with the Indonesian law, the supply of modern aircraft to the country is based on the offset obligations and countertrade. In return, Russia pledged to purchase Indonesian goods, such as rubber, palm oil and other Indonesia's traditional exports.