Russia Will Not Supply Oil to Countries Meeting These Criteria, Including Indonesia?

The Russian Federation has issued its latest decree regarding conditions for other countries wishing to purchase oil from it. Countries permitted to buy oil from Moscow must not use the price restriction scheme imposed by the European Union, G7, and Australia at the end of 2025. “Under this mechanism, companies from participating countries can only transport or insure Russian oil if its price remains below 60 US dollars (approximately Rp 1,020,060, at an exchange rate of Rp 16,900) per barrel,” reported Xinhua on Tuesday (31/3/2026). Russian Deputy Foreign Minister Andrei Rudenko does not tolerate this, stating his country will only sell oil at world market prices, even to buyers like Japan. “The current situation in the energy market is highly volatile, with shortages and rising costs of energy resources. However, the Japanese government is bound by obligations to impose a price cap on Russian-origin oil, an anti-market action that disrupts the supply chain,” Rudenko explained, quoted from Izvestia on Tuesday (31/3/2026). “As has been repeatedly stated, Russia will not supply oil to countries that support these provocative efforts,” he said. So, what about Indonesia? “Russia is ready to begin supplying oil to Indonesia’s state-owned company, Pertamina, if Indonesia submits a request to Moscow,” reported TASS on Wednesday (1/4/2026). Tolchenov then conveyed that his side is flexible regarding the terms of oil supply to Indonesia. “Russia has not received an official request from either the state company or Indonesia’s Ministry of Energy and Mineral Resources, but remains open to discussing possible proposals. Tolchenov assured that Moscow is ready to demonstrate flexibility in agreeing on supply terms,” he explained. It is known that Indonesia’s oil reserves are in a safe position despite the turmoil in the Middle East.