Russia-ASEAN trade in 2025 showed significant growth, with trade up over 30% by August, focusing on energy, agriculture, digital tech and nuclear power, while the ASEAN countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam – sought diversified partners and access to Russian goods like components and resources, utilizing non-dollar payments amidst sanctions, with new cooperation plans for 2026-2035 being finalized. Discover trade agreements, investment flows, and business strategies for entering Southeast Asia’s dynamic markets from Russia, and vice-versa.
The Russian Foreign Minister, Sergey Lavrov, has been meeting with the collective Foreign Ministers of ASEAN in Manila, as part of the Russia-ASEAN Foreign Ministers annual summit. Lavrov stated he saw “Very good prospects in food and energy security, the digital transformation, and the platform economy.” We provide the latest trade data.
The first shipment of oil from Russia’s Far Eastern Kosmino Port has arrived in Indonesia. The country is prioritizing its internal energy security above sourcing and sanctions issues.
INNOPROM Russia has just concluded, showcasing the best of Russian innovation and technical expertise. With billions of dollars of agreements signed, it marks a strategic shift to exporting technologies as opposed to commodities.
Russia’s Sberbank has announced the launch of a 40 million outlet QR code payment system operational throughout Indonesia. The two countries have a Free Trade Agreement while destinations such as Bali are very popular with Russian tourists. The QR code system renders payment mechanisms such as SWIFT essentially obsolete.
Russia’s Chetra, an industrial construction vehicle and parts manufacturer, have signed an agreement with Indonesian market entry experts to evaluate the potential for the company to invest in production in Indonesia. The country is going through a construction boom making Chetra’s interest very timely.
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The Russian and Indonesian Ministries of Trade & Industry have signed a Cooperation Agreement in the industrial sector, with Russia expressing interest in Indonesian shipping, aviation, and infrastructure including construction of the new capital city at Nusantara.
We examine the Russian Far East and its increasing infrastructure and trade integration with the rest of Asia, including specific attention to China, India, ASEAN and the Middle East.
The Belarus President Aleksander Lukashenko is on an Asian tour and has met with Chinese President Xi Jinping and proposed “11 Key Technologies” in which Belarus wants to cooperate with China in trade and investment.
Russia is bringing in new cryptocurrency laws from July 1 which have the potential to revolutionise Eurasian and global trade finance and especially with China, India, ASEAN and the Middle East. We examine the laws in detail and analyse what they mean in the next generation of international financial flows.
The Russia-ASEAN business forum was held last week with important geopolitical strategic agreements signed in energy, supply chains, finance, and trade and a 2026-2020 Comprehensive Action Plan. We examine all these initiatives and provide a country-by-country breakdown of deals agreed on a multilateral and bilateral basis with Russia. It is essential reading for anyone involved in ASEAN and Asian affairs.
The Eurasian Economic Union is considering the applications of Myanmar, Nicaragua and Venezuela to become ‘Observer’ states to the EAEU, with several other countries, including India, Israel, Egypt, Tunisia, Pakistan, and Cambodia all negotiating Free Trade Agreements.
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