REPUBLIKA.CO.ID, SOCHI -- President Joko Widodo (Jokowi), at a bilateral meeting with his Russian counterpart Vladimir Putin, urged Russia to increase its palm oil imports from Indonesia.

"With regard to trade, we need to look for new ways to boost the exports of palm oil from Indonesia to Russia in the near future," President Jokowi stated while holding talks with Putin at the Russian president's Bocharoc Rucey residence, here, Wednesday evening.

"Mr President, you are aware of the plans to increase the import tax on palm oil, which is the largest export commodity from Indonesia to Russia, with value reaching US$480 million. Exports have fallen sharply, which is not favorable for our country's economy," he pointed out.

"I hope that your policies, Mr President, will help ensure that Indonesian palm oil exports to Russia will increase in the near future," he noted.