Patriot president Brig-Gen Mohamed Arshad Raji says there is precedence of Malaysia exchanging palm oil for Russian fighter jets in the 1990s. – The Malaysian Insight pic by Kamal Ariffin, April 23, 2019.
ARMS-FOR-PALM oil in a barter trade for defence equipment and assets is an acceptable procurement method for cash-strapped governments but purchasing military equipment should ideally be done via cash once the country’s financial health is on solid footing, said the National Patriots Association . Malaysia purchased defence weaponry and equipment under similar barter deals, Patriot president Brig-Gen Mohamed Arshad Raji said, adding that such arrangements are safe, as long as terms of the contract are balanced and clear.
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