Russia – East Asia 2024 Multilateral Relations – Update

The Russian Foreign Minister, Sergey Lavrov, has been in Laos, attending meetings of the East Asia Summit, which included 18 partners, including Russia, being the United States, the European Union, Japan, Australia, South Korea, India and China, and the members of ASEAN. This also includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Papua New Guinea also attends as an observer.

The summit focus has been on security issues in the Asia-Pacific where, Moscow and Beijing say, the situation has deteriorated due to NATO’s intentions to militarize the region.

Over the past year, since Russia has singled out ASEAN as a priority in its foreign policy doctrine, there has been no significant developments between Russia and ASEAN as a bloc, although none were particularly expected. According to Alexander Korolev, the Deputy Director of HSE Center for Comprehensive European and International Studies, Russia continues to develop relations with individual ASEAN member countries, primarily Malaysia, whose Prime Minister Anwar Ibrahim has discussed Islamic banking cooperation at the Eastern Economic Forum in Russia and has been actively campaigning for Malaysian membership in BRICS, while Indonesia, Myanmar, Thailand and Vietnam have all expressed interest in joining.

East Asia Summit

According to Korolev, ASEAN has refrained from indulging in any discussions on Ukraine, although the subject still comes up at these bi-annual events. These however, deal with the conflict’s impact on food and energy security rather than any military or political implications.

In terms of a brief 2024 bilateral trade look between the attending East Asia Summit members and Russia, we can provide the following snapshot

Country / RegionSanctions Against RussiaTrade Volume (USD)Trend
ASEANNo22 billion
AustraliaYes200 million
ChinaNo260 billion
European UnionYes122 billion
IndiaNo 65 billion
JapanYes10.2 billion
South KoreaYes20 billion
United StatesYes27 billion
*European Union energy imports from Russia have increased slightly in 2024, although trade figures since 2021 have shown a significant decline of about USD153 billion. 

**United States energy imports from Russia have increased slightly in 2024. Overall trade figures since 2021 are showing a slight improvement with no marked decline.

(Data source: Statista) 

Further Reading

Malaysia Views ASEAN’s Russia Engagement As A “Development Lynchpin”

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