Key insights and market outlook
Indonesia and Russia are advancing their industrial cooperation through two key agreements in shipbuilding and chrysotile asbestos research. Minister of Industry Agus Gumiwang Kartasasmita led a bilateral meeting and business matching event in Moscow in December 2025. One MoU on asbestos research has been signed, while the shipbuilding MoU is pending finalization. This cooperation is expected to create a clearer framework for collaboration between large industries and small-medium enterprises (IKM) in both countries.
Indonesia and Russia are strengthening their industrial cooperation through significant agreements in the shipbuilding sector and scientific research on chrysotile asbestos. The development was announced by Indonesian Minister of Industry, Agus Gumiwang Kartasasmita, following a bilateral meeting and the Indonesia-Russia Business Matching event held in Moscow in early December 2025.
Two major Memoranda of Understanding (MoU) are being finalized between the two nations:
The asbestos research MoU was officially signed on December 8, 2025, by Minister Agus Gumiwang and Russian Minister of Industry and Trade, Anton Alikhanov. The shipbuilding MoU is expected to be finalized soon, pending completion of the necessary formalities.
The proposed agreements are expected to provide a clearer collaborative framework for both large-scale industries and small-medium enterprises (IKM) in Indonesia and Russia. Minister Agus Gumiwang expressed optimism that the upcoming MoU will enhance bilateral industrial cooperation, particularly in the strategic shipbuilding sector.
This industrial cooperation marks a significant step in Indonesia-Russia relations, building on their existing strategic partnership. The collaboration in shipbuilding could lead to technology transfer, joint production initiatives, and enhanced maritime capabilities for Indonesia. The research on chrysotile asbestos, while controversial, could provide scientific backing for its safe use in various industrial applications.
The successful implementation of these MoUs could pave the way for further industrial collaborations between Indonesia and Russia, potentially extending to other sectors such as energy, infrastructure, and manufacturing. As both countries continue to strengthen their economic ties, such agreements are likely to play a crucial role in shaping their bilateral trade and investment landscape in the coming years.
Indonesia-Russia Industrial Cooperation Agreement
Shipbuilding MoU Finalization