Coordinating Minister Airlangga Visits Russia to Promote Economic and Investment Cooperation
Jakarta. In a bid to enhance economic cooperation with various countries and boost exports to maintain the national trade surplus, Chief Economic Minister Airlangga Hartarto embarked on a working visit and held several bilateral meetings in Moscow, Russia, from June 10 to 12.
During his visit, Minister Airlangga met with several ministers and CEOs of leading Russian companies. He is also scheduled to receive the Medal for Contribution to International Cooperation from the Russian government and celebrate Russia Day on June 12.
On the first day of his visit, Minister Airlangga had a special meeting with Andrey Slepnev, Trade Minister of the Eurasian Economic Commission (EEC). They discussed various strategic cooperation issues in the economic and trade sectors, including the acceleration of the Indonesia-Eurasian Economic Union Free Trade Agreement (Indonesia-EAEU FTA) negotiations and solutions to eliminate trade barriers between the two parties.
"Indonesia encourages the acceleration of the Indonesia-EAEU FTA negotiations, which are expected to be completed this year. This will benefit businesses looking to expand into Eastern Europe and Central Asia," said Minister Airlangga.
Minister Airlangga emphasized Indonesia's ongoing efforts to increase palm oil exports to EAEU member countries, noting that Indonesian palm oil meets health and sustainability standards.
Minister Slepnev echoed similar hopes for concluding the negotiations. "The EEC also hopes the negotiation process will be completed by July in Indonesia. We believe a free trade agreement with Indonesia will strengthen the economic cooperation foundation between Indonesia and the five EAEU member countries," Minister Slepnev explained.
Regarding Indonesia's concern about palm oil, Minister Slepnev stated that there are no barriers imposed by the EAEU. "The EAEU will not adopt discriminatory policies like the European Union against Indonesian palm oil. The EAEU fully supports cooperation in the agricultural sector, including fertilizers," he said.
Following the meeting with Minister Slepnev, Minister Airlangga held an informal meeting with the Chairman of the Russian State Duma, Vyacheslav Volodin, at the State Duma Building. This meeting, attended by parliament members from both countries, discussed enhancing inter-parliamentary cooperation between Indonesia and Russia.
Later in the afternoon, Minister Airlangga met with leaders of prominent Russian companies, including a meeting with Kiril Komarov, First Deputy CEO for Corporate Development and International Business of JSC Rosatom. They discussed plans for cooperation in nuclear energy development for electricity and non-energy uses such as healthcare and agriculture.
"Rosatom has extensive experience in comprehensive cooperation with Indonesia, covering not just construction but also detailed socio-economic analysis," Deputy Komarov stated.
In response, Minister Airlangga highlighted Indonesia's focus on clean energy as part of the energy transition efforts by the Indonesian government. "Nuclear energy can be a viable option for providing electricity without harming the environment. Russia is also invited to collaborate on developing renewable energy in Indonesia, reflecting the Indonesian government's commitment to the energy transition process initiated several years ago," Minister Airlangga explained.
Concluding the first day's agenda, Minister Airlangga met with Sergey Alexandrovsky, CEO of Public Joint Stock Company (PJSC) Aeroflot, Russia's national airline. CEO Alexandrovsky reiterated Aeroflot's desire to revive direct flights between Moscow and Bali.
Minister Airlangga responded by stating that direct flights could strengthen ties between the two countries. "Direct flights from cities in Indonesia and Russia will facilitate increased tourist visits and aid the flow of export-import logistics, thereby strengthening the economies of both Indonesia and Russia," Minister Airlangga stated.
During these meetings, Minister Airlangga was accompanied by Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Moegiarso, Indonesian Ambassador to Moscow Jose Tavares, several leaders of parliamentary commissions, special staff from the Ministry of State Secretariat, and expert teams from the Coordinating Ministry for Economic Affairs.
Tags: Keywords:Related Articles
Indonesia, Russia Seek Deeper Trade and Industrial Ties
Indonesia and Russia are seeking deeper trade, investment and industrial ties as bilateral trade rises 21.6% to $4.84 billion in 2025.'MSCI is Not Always Right’: Indonesia Tells Investors to Calm Down
Senior deputy economy minister says "not everything that MSCI does is beneficial for investors" as Indonesian stocks plunge.Indonesian Stocks End at 2026 Low After Losing 11.57% on MSCI Warning
Indonesian stocks lost 11.57% to hit a new 2026 low as MSCI's reclassification warning rattled investor confidence.Indonesia Surprised by MSCI Downgrade Despite Bangkok Talks
Senior minister Airlangga Hartarto admitted that the Indonesian government was taken aback by MSCI’s latest announcement.Indonesia Waives Import Duties on Plastic Raw Materials for Six Months
Indonesia cuts import duties on selected plastic raw materials to 0% for six months as global prices surge.Airlangga Urges Indonesia to Catch Up With Vietnam in Digital, AI Industries
Indonesia needs to accelerate digital, semiconductor and AI industries to catch up with Vietnam and achieve its 8% growth target.Prabowo Adds 6% Mortgages, Expands Worker Tax Relief in 2027
Indonesia will offer 6% mortgages to salaried workers and expand tax relief as the government extends economic incentives into 2027.Airlangga Highlights Market Diversification, Global Competitiveness for Furniture Industry
Airlangga urges Indonesia’s furniture industry to diversify export markets, strengthen global competitiveness and tap international demand.Airlangga Says Indonesia Won’t Face US Tariffs Over Russian Oil
Airlangga says Indonesia won’t face US tariffs over Russian oil bought within an allowed window.Indonesia’s Textile Sector Employs 4 Million with Room for Further Expansion
Indonesia’s textile industry employs around 4 million people and generates $12 billion in annual exports.The Latest
Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore
Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.Jakarta Outranks Amsterdam in Global Public Transport Survey
Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday
Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.Jakarta Prepares 367 Health Facilities as Haze Reaches the Capital
Jakarta prepares 367 health facilities to treat potential haze-related illnesses after smoke from Sumatra and Kalimantan crosses the region.Jakarta Expands Flood Prevention With New Water Storage Ponds
Jakarta opens two East Jakarta water storage ponds as it expands flood prevention efforts through reservoirs and river normalization.Most Popular
