Sep 11, 2017 SOURCE: © CTO Data Services Co
COUNTERTRADE OVERTAKES OFFSET FOR MILITARY AND COMMERCIAL PURCHASES AS INDONESIA DEALS WITH RUSSIA AND PRESSURES AFRICA
Indonesia will purchase eleven Sukhoi 35 fighter jets from Russia under a financial arrangement that includes a significant amount of countertrade. The government has also embarked on a co-ordinated approach to foreign governments to promote commercial bilateral countertrade agreements.
Defence Minister Ryamizard Ryacudu confirmed that after two years of protracted negotiations...
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