Russia to Barter Palm Oil, Coffee for Sukhoi Su-35 Jets

 Indonesia and Russia have signed a deal to trade Su-35 fighter jets for palm oil and coffee.

A memorandum of understanding (MoU) was signed between Indonesian state trading company PT Perusahaan Perdagangan and Russian state conglomerate Rostec  in Moscow and more details about the expected deal will be announced in the coming days by the Indonesian trade and defense ministers, Indonesian trade ministry official Imam Pambagyo was quoted as saying by Bangkok Post Sunday.

"This barter under the supervision of both governments hopefully will soon be realised through the exchange of eleven Sukhoi SU-35s and a number of Indonesian exports, starting from coffee and tea to palm oil and strategic defence products," Trade Minister Enggartiasto Lukita said in a statement released on Friday.

There were no details on the value of the deal or the quantity of commodities Indonesia would potentially ship to Russia.

Russia is currently facing a new round of US-imposed trade sanctions, while Indonesia is trying to promote its palm oil products amid threats of a cut in consumption by European Union countries.