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| A Russian Air Force Su-35 Flanker Fighter |
JAKARTA, Aug. 4 (Xinhua) -- The purchase on 11 Sukhoi 35 fighter jets from Russia was conducted on counter trade scheme, obliging the Russian side to buy Indonesian commodities and defense components, an Indonesian minister said.
"The creation of counter trade was under the supervision of respective governments, implemented in the trade of 11 Sukhoi 35 with Indonesian export commodities among others comprised of coffee, tea, palm oil and defense industry products," Indonesia Trade Minister Enggartiasto Lukita said in a statement released on Friday.
The counter trade scheme was mentioned in the Memorandum of Understanding (MoU) document of the plane purchase, signed by related officials from Indonesia's state-run trade firm of PPI and Russian state agency of Rostec, the minister said.
The minister expected similar scheme with Russia can be further applied in wider sector, not only in defense sector.
Delivery of Sukhoi 35 planes to Indonesia would commence next year.
Read the full story at Xinhua