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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

16/09/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Asia Pulse

CATEGORY

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)