DJ Blns In Trade Deals Expected During Putin's Indonesia Visit JAKARTA (AP)--Russia and Indonesia are expected to sign billions of dollars worth of weapons, mining and oil deals during Russian President Vladimir Putin's first visit to the country this week, a presidential spokesman said Tuesday.
Russia will grant Indonesia a US$1 billion credit line to buy Russian military hardware, said spokesman Dino Pati Djalal, without providing details. Indonesian mining company Aneka Tambang (ANTM.JK) will sign a US$3 billion deal with Russian aluminum giant United Company Rusal, while state-owned oil company Pertamina plans to sign a US$1 billion agreement with Russia's LukOil (LKOH.RS), he said. Putin will meet with Indonesia President Susilo Bambang Yudhoyono on Thursday during a one-day stop over on his way to the Asia-Pacific Economic Cooperation forum in Australia. The Russian investment will bring a much-needed boost to foreign capital inflow and help revamp Indonesia's aging mining and oil facilities. It comes just weeks after South Korea announced it signed US$8.5 billion in trade and investment deals with Jakarta. Indonesia has been looking for other sources of arms since the United States - formerly its largest supplier of weaponry - cut military ties in 1999 over human rights concerns. The ban was lifted in 2005, but Jakarta continues to look elsewhere for military hardware. Indonesia is a major arms-buying client for Russia and has spent hundreds of millions of dollars on fighter jets. (END) Dow Jones Newswires September 04, 2007 07:29 ET (11:29 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.- - 07 29 AM EDT 09-04-07 Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. DILARANG KERAS MEMOSTING OPINI PRIBADI TENTANG POLITIK DI MILIS INI. Silahkan lakukan itu di milis [EMAIL PROTECTED] [EMAIL PROTECTED] untuk berhenti dari milis saham [EMAIL PROTECTED] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
