Posts Tagged ‘CPO’

Indonesia to Buy $1.14 Billion Worth of Russian Jets

August 22, 2017

JAKARTA — Indonesia will buy 11 Sukhoi fighter jets worth $1.14 billion from Russia in exchange for cash and Indonesian commodities, two cabinet ministers said on Tuesday.

The Southeast Asian country has pledged to ship up to $570 million worth of commodities in addition to cash to pay for the Suhkoi SU-35 fighter jets, which are expected to be delivered in stages starting in two years.

Indonesian Trade Minister Enggartiasto Lukita said in a joint statement with Defence Minister Ryamizard Ryacudu that details of the type and volume of commodities were “still being negotiated”. Previously he had said the exports could include palm oil, tea, and coffee.

The deal is expected to be finalised soon between Indonesian state trading company PT Perusahaan Perdangangan Indonesia and Russian state conglomerate Rostec.

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Indonesian Air Power – Pilots of the Air Force’s Sukhoi SU-30MK2 aircraft walk on the tarmac after a rehearsal of the 2016 Angkasa Yudha airborne training module at Hang Nadim Airport in Batam, Riau Islands, on Oct. 3, 2016. (Antara/MN Kanwa)

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