Govt mulls buying oil from Russia

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Loading and unloading activities in a port. (IO/Muhamad Hidayat).

Jakarta, IO – The Indonesian government is considering buying Russian oil to reduce the pressure of high energy costs. This was revealed by President Joko Widodo during an interview with the Financial Times as reported by Antara, Monday (12/9).

“We always consider all options. If there are countries that offer better prices, why not?” said Jokowi.

Earlier this month, Jokowi administration hiked the price of subsidized fuel by 30 percent, saying it was the last resort to ease fiscal burden. This has sparked protests across the nation of 270 million people.

However, a move to buy Russian oil above the limit agreed by the G7 countries could subject Indonesia to US sanctions.