Indonesia, Russia Deepen Industrial Cooperation and Economic Ties

TEMPO.CO, Jakarta - Coordinating Minister for the Economy Airlangga Hartarto said that cooperation between Indonesia and Russia has significant potential to support Indonesia's economic transformation.

"Going forward, Indonesia-Russia cooperation has significant potential to support Indonesia's economic transformation, particularly through industrial development, downstreaming, infrastructure development, energy security, digital transformation, technology development, and sustainable development," he said, as quoted by ANTARA.

Airlangga conveyed this in his speech at the Russian National Day celebration in Jakarta on Monday, June 29. He said the two countries are also committed to continuing to explore new opportunities for cooperation to strengthen their partnership in the economic and industrial sectors.

Additionally, he mentioned that the signing of the Indonesia-Eurasian Economic Union Free Trade Agreement in December was considered an important milestone. It will expand market access, facilitate trade, and encourage business engagement between Indonesia and the Eurasian Economic Union member countries, including Russia.

Airlangga expressed appreciation for the opportunity for the Indonesian government to participate as a partner country in the first INNOPROM, Russia's leading industrial exhibition, which will take place in Ekaterinburg from July 6-9.

He expressed his hope that this participation would strengthen collaboration between stakeholders from both countries in developing trade, science, value-added manufacturing, advanced industrial technology, the automotive sector, energy, and digital innovation.

"We are also committed to deepening our strategic partnership with Russia in line with Indonesia's Eight Visions, Asta Cita," he said.

Russian National Day, which is celebrated every June 12, was also attended by Minister of Culture Fadli Zon, Minister of Tourism Widiyanti Putri Wardhana, Chair of the House of Regions (DPD) Sultan B. Najamudin and foreign ambassadors in Jakarta, including those from Saudi Arabia, Iran and Türkiye.

Read: Are Rolling Blackouts Behind Indonesia's Industrial Confidence Drop?

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