“Prabowo is making another visit to Russia in pursuit of deeper economic ties. He repeatedly mentioned Jakarta’s trade pact with the Eurasian Economic Union (EAEU) during the trip. The $3 trillion EAEU bloc brings together Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. Prabowo feels that Indonesia-Russia trade — which approached $5 billion in 2025 — still has a huge room for growth.”
” ‘I propose that Indonesia and Russia set a clear challenge to ourselves: to double our trade within the first review period of the EAEU free trade agreement,’ Prabowo told Vladivostok’s Eastern Economic Forum on Thursday.”
“The EAEU pact, which is set for early 2027 entry into force, will eliminate or cut duties across 11,882 tariff lines, representing over 90% of the traded goods. Prabowo announced Jakarta’s completion of the lawmaking processes necessary for the deal to advance. He called on the EAEU economies to follow suit, something that Russia and Belarus had already done. Amid possible Western scrutiny, Prabowo said that the EAEU pact was ‘not an alliance against anyone’.”
“Trade Ministry data showed that annual bilateral export-imports amounted to $4.8 billion in 2025, while already reaching almost $3.6 billion this year as of July.”
https://jakartaglobe.id/business/prabowo-wants-to-double-russian-trade-but-sanction-fears-persist
See also: Prabowo Wants Russian Oil Investment Amid Rosneft Setback
” ‘Our future cooperation can be much larger than trade in goods. In energy, Indonesia welcomes Russian cooperation that raises the productivity of oil and gas exploration, production, and processing,’ Prabowo said.”
“He went on to say that Indonesia had opened up ‘138 blocks of energy exploration’, also up for grabs for Russian investors with the necessary technology.”
https://jakartaglobe.id/business/prabowo-wants-russian-oil-investment-amid-rosneft-setback