Contents tagged with palm oil
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Russia to sell Indonesia fighter jets for palm oil
Russia has signed a contract to sell Indonesia 11 Su-35 fighters, Interfax news agency reported, citing a source in Jakarta. The negotiations which lasted nearly four years have resulted in a deal that will be partially realized as a barter.
The latest fighters, the closest to the fifth generation among the Russian aircraft, will be exchanged for batches of palm oil, crumb rubber, and other Indonesian goods. These goods will cover roughly half of the contract’s value ($1.1 billion), a source …
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Russia to exchange the latest combat aircraft for palm oil from Indonesia
Russia and Indonesia agreed on the sale of 11 of the latest Su-35 fighter jets, Rostec (Russian State Corporation) reported. Negotiations that lasted three years culminated with the conclusion of a barter transaction.
According to Enggartiasto Lukita, the head of the Indonesian Ministry of Trade, the aircraft closest to the fifth generation among Russian machines will be exchanged for primarily palm oil, Interfax reports.
The negotiations took a long time, primarily because of financial …