December 13, 2025 | 08:39 pm
TEMPO.CO, Jakarta - Russian investment in Indonesia totaled US$147.2 million, or approximately Rp2.46 trillion, from January to September 2025, according to records from the Ministry of Industry. This follows a full-year investment value of US$262.7 million recorded in 2024.
Minister of Industry Agus Gumiwang Kartasasmita stated that the continuous flow of capital signals robust confidence from Russian investors. "These figures indicate a high level of confidence from Russian industrial players in the stability of the economy and the potential for industrial development in Indonesia," he said in a written statement on Friday, December 12, 2025.
Agus Gumiwang also highlighted the positive economic cooperation between the two nations. Total non-oil bilateral trade reached US$3.9 billion in 2024, marking an 18.69 percent increase since 2020. This positive trend continued into 2025, with the trade value reaching US$4.04 billion from January to October.
The increase in trade cooperation has been bolstered by the finalization of several Memoranda of Understanding (MoUs), including agreements on Cooperation in the Field of Shipbuilding and Cooperation in the Field of Scientific Research on the Safe Use of Chrysotile Asbestos.
One significant MoU, signed by Agus Gumiwang and the Minister of Industry and Trade of the Russian Federation, Anton Alikhanov, covers research on the safe use of chrysotile asbestos, which was completed in Moscow on December 8, 2025.
"We hope that other MoUs can be resolved soon, providing clarity on the collaboration framework for large and small to medium-sized industries in both countries," said Agus Gumiwang.
The Minister confirmed that Indonesia fully supports the acceleration of the settlement and signing of the Indonesia-Eurasian Economic Union Free Trade Agreement (I-EAEU FTA). This agreement is expected to open up broader market access for Indonesian industrial players through increased competitive tariffs and the reduction of non-tariff barriers.
As a member of the BRICS group (Brazil, Russia, India, China, South Africa), Indonesia also participates in the BRICS Centre for Industrial Competences (BCIC). This collaboration will focus on developing various strategic sectors, such as industrial digitalization, new mobility technology, unmanned transportation, development of human resources in the industry, empowerment of small and medium-sized industries, digital transformation, artificial intelligence, and bioindustry.
"We view the BCIC as a strategic platform for technology transfer and the acceleration of national industrial modernization towards an intelligent, green, and inclusive industry," Agus Gumiwang concluded.
Read: Putin Offers Nuclear Energy Support to Indonesia
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