Indonesia and Russia Strengthen Strategic Economic and Investment Cooperation

Indonesia and Russia signed the Protocol of the 7th Meeting of the Working Group on Trade, Investment, and Industry (WGTII) RI-Russia on 9 April 2026. This signing represents an important achievement in efforts to strengthen economic and strategic investment cooperation between the two countries. The signing was conducted by the Deputy for Coordination of Economic Cooperation and Investment of the Indonesian Coordinating Ministry for the Economy, Edi Prio Pambudi, together with the Deputy Minister of Economic Development of the Russian Federation, Vladimir Illichev. The Protocol is a document that contains agreements, developments in cooperation, and follow-up plans in various priority sectors between the two countries. In addition, the Protocol document serves as a joint reference in implementing the results of technical discussions while ensuring the sustainability and effectiveness of bilateral cooperation. The substance of the protocol covers strengthening cooperation in various strategic sectors, including trade and investment, cooperation in the field of new renewable energy, cooperation in the agricultural sector such as fisheries, fertilisers, and palm oil, as well as cooperation in the industrial sector which is a joint priority such as pharmaceuticals and health, metallurgy, chemicals, aviation, and infrastructure. Furthermore, Indonesia and Russia are also promoting sustainable cooperation in the fields of logistics, special economic zones, creative economy, environment and climate change, as well as strengthening inter-regional cooperation. Deputy Edi stated that the positive momentum from this signing is expected to be quickly translated into concrete results through strengthened technical cooperation, acceleration of ongoing initiatives, and the development of implementable priority projects. “Through the signing of the Protocol of the 7th WGTII RI-Russia Meeting, both countries reaffirm their commitment to continue strengthening mutually beneficial cooperation, including through increased market access, investment, and the development of value-added industries,” concluded Deputy Edi.