Indonesia Will Barter Coffee, Tea And Palm Oil For Russian Fighter Jets

On Monday Russia warned that it would begin aggressively reducing its dependence on the US Dollar and US-based payment systems, and shortly after it confirmed just that when Indonesia announced that it will barter coffee, palm oil, tea and various other commodities in exchange for 11 Russian-made Su-35 fighter jets, calling U.S. and European sanctions against Russia "an opportunity to boost the Southeast Asian nation's trade."

The Indonesian Ministry of Trade 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. “This barter under the supervision of both governments hopefully will soon be realized through the exchange of 11 Sukhoi Su-35s and a number of Indonesian exports, starting from coffee and tea to palm oil and strategic defense products,” Indonesian Trade Minister Enggartiasto Lukita said on Monday, as quoted by Reuters.

The trade minister also said that in exchange for the Su-35 jets, Indonesia would provide coffee, tea, palm oil and defense equipment. No value for the barter was announced according to Bloomberg, which added that Indonesia already operates 16 Sukhoi jets, making its first purchase in 2003 while the country was subject to a U.S. embargo on arms sales due to the military's human rights abuses.

In what may be the first of many such barter deals, the Russian state-run corporation Rostec said it is committed to implement the terms of a counter trade program. At the same time, the Russian corporation reserves the option to choose which goods it receives in trade from Indonesia as well as the right to pick trade partners and producers for cooperation under the agreement.

“The deal allows expanding supplies of Indonesian goods that are the most easily-suited for the Russian market. The range of products will be discussed by members of a specially created advisory group,” the company’s press release reads.

Jakarta is trying to promote its palm oil products amid decreasing demand in Europe. Indonesia is the world’s number one producer of the commodity, which is widely used in cooking, cosmetics and biofuel.

As Bloomberg adds, trade between Russia and Indonesia, the largest economy in Southeast Asia, has tumbled since 2012, but Lukita said the wide-ranging European Union and U.S. financial and trade sanctions against Russia are an opportunity for Indonesia to revive trade through barter deals in other industries.

"This is an opportunity that should not be lost from our grasp," he said.

Comments

jeff montanye hedgeless_horseman Mon, 08/07/2017 - 15:52 Permalink

the zionists have given us poor advice from start to finish.  closer to the finish than the start is putting sanctions on russia so that it, and its forced into the arms of ally china, not to mention iran, develop a reserve currency and a payment system independent of the dollar and the u.s. such that the free goods and services we have been getting go away.  someday i hope they are made to explain what their endgame was.

In reply to by hedgeless_horseman

Koba the Dread jeff montanye Mon, 08/07/2017 - 18:52 Permalink

Zionists giving "us" advice? I certainly have never asked any advice of Zionists. Did you ask advice of Zionists? Why?Okay, some other people took the advice of Zionists, such people as George Washington who always took the advice of his little rent-boy, Alex Hamilton, a proto-Zionist Jewish bastard from Nevis in the West Indies and son of Rachel Levine.  Washingon made his Secretary of the Treasury and put the treasury buiding right next to the White House (where it still resides).

In reply to by jeff montanye

jeff montanye Theta_Burn Mon, 08/07/2017 - 15:59 Permalink

why they need eleven state of the art fighter planes is a tough one, but given that, why they need migs is . . . u.s. sanctions:The Indonesian air force wants to replace its outdated American built F-5 fighters with the brand new Russian Su-35 Super Flanker, but the country’s political leadership is unable to act quickly because the U.S. is pitching in with its F-16 and F-18 jets.The Indonesians operate both American F-16s and Russian made Flankers – five Su-27s and 11 Su-30s. How Russian aircraft ended up in the air force of an American ally is interesting. “Indonesia’s turn toward Russian fighters stemmed partly from necessity,” explains Defense Industry Daily (DID).. Its 12 remaining F-16A/Bs and 16 remaining F-5E/F fighters experienced severe maintenance problems in the wake of a U.S. embargo.”The embargo was imposed after Australia started meddling in Indonesia’s civil war in East Timor, and the U.S. accused Jakarta of human rights violations.https://www.rbth.com/why_the_indonesian_air_force_wants_the_su-35_45943… 

In reply to by Theta_Burn

PacOps Theta_Burn Mon, 08/07/2017 - 16:16 Permalink

 "why the hell does Jakarta need 11 state of the art MIGS for again?" Indonesia already operates 16 Sukhoi jets, making its first purchase in 2003Uh .. mmm 16 + 11 = 27How about total uncontested control over the Malacca & Sunda Straits as well as the baddest MoFo at the southern end of the So. China Sea. 

In reply to by Theta_Burn