World

Indonesia barters coffee, palm oil for Russian fighter jets

Indonesia says it will barter coffee, palm oil and other commodities for 11 Russian-made Sukhoi fighter jets.

Indonesian Ministry of Trade spokesman Marolop Nainggolan said Monday 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.

Indonesia's Minister of Trade Enggartiasto Lukita said in a statement that "this barter supervised by both governments, is expected to be materialized soon."

The Indonesian defense ministry said earlier this month that had a deal had been finalized to purchase 11 Sukhoi Su-35 jets from Russia but didn't reveal on what terms.