Indonesia Barters Coffee and Palm Oil for Russian Fighter Jets
Indonesia says it will barter coffee, palm oil and other commodities for 11 Russian-made Sukhoi fighter jets.
A Sukhoi SU-35 fighter jet performs during a test flight ahead of the Airshow China 2014 in Zhuhai on Nov. 10, 2014.
Photographer: JOHANNES EISELE/AFP/Getty ImagesThis article is for subscribers only.
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.