MPOB Palmnews
 
Date
 16/09/2004
News Provider
 Mahamad Rodzi Abdul Ghani
News Source
 Asia Pulse
Headline
 Indonesia To Settle Payment For Russian Jet Fighte

JAKARTA, Sept 15 Asia Pulse - State-run Board of Logistics (Bulog) saidpayment of US$192 million for a number of Russian jet fighters Shukoi andother military hardware will be fully settled next month.

The government bought the Russian military equipment under a counter tradescheme with payment made in export commodities mainly crude palm oil.

The last or fourth phase of payment will be made by PT Multi Nabati Asahanand PT Bukit Kapur Reksa in October, said Bulog, which was assigned by thegovernment to arrange the counter trade.

The last previous payment was made in August totalling US$37.3 million.

(ANTARA)