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Indonesia to Get $400 Mln Arms Credit from Russia

Indonesia to Get $400 Mln Arms Credit from Russia

Russia’s Vnesheconombank (VEB) will provide Indonesia with a total of $399.5 million in credit to finance purchases of aircraft and related

The credit will be provided for a seven-year term, Rosoboronexport said.

This is the second credit agreement between VEB and Indonesia’s Finance Ministry in the past two years.

Last week VEB's deputy chief Alexander Ivanov said VEB won the Indonesian Finance Ministry’s tender to finance the purchase of six Russian-made Su-30MK2 Flanker multirole fighter aircraft.


Source: News - 20 December 2012

Photo: The Indonesian Air Force Su-30MK2 Fighter Aircraft (Photo by RIA Novosti. Mikhail Tsiganov)

(12/20/2012)


 
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