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News :: International
Indonesia Signs $1B+ Defense Credit Agreement With Russia
13 Sep 2007
Arriving on the eve the APEC 2007 trade conference held in neighbouring Australia, the Russian leader was accompanied by a delegation of oil, energy, and banking officials. The visit also included pledges of a $1.2 billion investment in Indonesia's state oil and gas exploration firm, and a $3.6 billion investment in bauxite exploration and aluminum production.
09-Sep-2007 17:21

Russian President Vladimir Putin stopped in Indonesia to finalize a $1.2 billion defense agreement and to strengthen economic ties. Indonesia has begun buying Russian equipment, including the recent $335 million purchase of more SU-27/30 Flanker family fighters, but Defence Ministry spokesman Edy Butar Butar told Reuters that no banks had stepped forward yet to finance the deal. The Russian defense package opens a line of credit that will allow Indonesia to buy Russian military equipment during the next 15 years, something they can afford as natural resources have made Russia the world's second-largest holder of foreign currency reserves after China. A pair of SSK Kilo Class attack submarines, 20 armored vehicles, and 15-22 helicopters are reportedly on the shopping list, as part of larger modernization efforts; meanwhile, President Yudhoyono was blunt about their other reasons for accepting:

"We want to diversify the sources of our equipment. Russia is offering us a generous package, and Russia also does not attach any conditions whatsoever. Russia is all business and does not attach any political conditions and that is the way we like it, and that is why we took up the offer."

Indonesia"Requirements for purchasing arms from Western countries are complicated, with pre-conditions attached such as human rights, accountability, not to mention licensing…. In our past experience with Britain, we were not allowed to use Scorpion tanks in Aceh, even though we were facing armed separatists."

Arriving on the eve the APEC 2007 trade conference held in neighbouring Australia, the Russian leader was accompanied by a delegation of oil, energy, and banking officials. The visit also included pledges of a $1.2 billion investment in Indonesia's state oil and gas exploration firm, and a $3.6 billion investment in bauxite exploration and aluminum production.

Meanwhile, it sounds like security at the APEC summit could use a boost. Mr. Bin Laden of Canada?!?

http://www.defenseindustrydaily.com/indonesia-signs-1b-defense-credit-ag/

More here:

Press Statement Following Russian-Indonesian Talks
September 6, 2007
Jakarta
http://www.kremlin.ru/eng/speeches/2007/09/06/2036_type82914type82915_14

Indonesia, Russia seal defence deal on Putin visit
Thu Sep 6, 2007 6:01pm IST
http://in.reuters.com/article/worldNews/idINIndia-29371320070906?sp=true

Jitters as Indonesia buys Russian subs
September 5, 2007
The Sydney Morning Herald
http://www.smh.com.au/news/world/jitters-as-indonesia-buys-russian-subs/

The Russians are coming
September 6, 2007
The Sydney Morning Herald
http://www.smh.com.au/news/national/the-russians-are-coming/2007/09/07/1

Russia, Indonesia Set $1 Billion Arms Deal
Moscow Seen Trying to Boost Clout in Asia
Washington Post Foreign Service
Friday, September 7, 2007; Page A14
http://www.washingtonpost.com/wp-dyn/content/article/2007/09/06/AR200709

Indonesia, Russia Sign Trade and Defense Deals
06 September 2007
VOICE OF AMERICA
http://www.voanews.com/english/2007-09-06-voa16.cfm

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