Indonesia PT Perusahaan Perdagangan and Russian state-owned company Rostec have signed a memorandum of agreement to barter Indonesian agricultural products in exchange of 11 Russian jet fighters, The Jakarta Post reported.
"The barter deal, which is under the supervision of the two governments, will involve 11 Sukhoi SU-35 jet fighters and several commodities like coffee, palm oil, tea, and others," trade Minister Enggartiasto "Enggar" Lukita said in a statement on Friday.
Enggar, who is on an official visit to Russia from August 3 to 5 expressed his hope that the agreement would be followed by other agreements in other sectors.
Russia is currently faces economic sanction imposed by the United States and the European Union. In response, Russia has limited imports from US and EU and is looking to other countries for commodity imports.
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