Putin ratifies EAEU-Indonesia free trade agreement

Russian President Vladimir Putin has signed the law ratifying the Free Trade Agreement between the Eurasian Economic Union (EAEU) and Indonesia. The Russian Embassy in Jakarta announced the information via social media on Tuesday, 26 May. The implementation of the Indonesia-EAEU free trade agreement was previously discussed by the Indonesian and Russian governments during a joint commission meeting in Kazan on 13 May. Coordinating Minister for Economic Affairs Airlangga Hartarto said the agreement would open wider access for Indonesia’s key products in the EAEU market, including palm oil and its derivatives, coffee, cocoa, fishery products, textiles, footwear, and furniture. ‘Indonesia views Russia as its most strategic partner in the Eurasian region. This meeting marks a crucial opportunity to strengthen existing cooperation and advance priority bilateral agenda items,’ said Airlangga after meeting First Deputy Prime Minister of Russia Denis Manturov. The free trade agreement was signed on 21 December 2025. The agreement covers all EAEU member states: Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. According to Russian Prime Minister Mikhail Mishustin, as reported by Sputnik, the agreement establishes a preferential trade regime for most products, covering over 98% of bilateral trade between Indonesia and Russia.