Russia-Indonesia Summit Targets Investment in Fertilizer, Energy, and Shipping

Vladivostok: Indonesian President Prabowo Subianto met with Russian President Vladimir Putin on Thursday September 3, 2026 to discuss expanding investment ties across key sectors, including fertilizer, energy, mineral resources, and shipping. 

Investment and Downstreaming Minister Rosan Roeslani, who also serves as CEO of Danantara, stated that state-owned company PT Pupuk Indonesia is exploring potential investments to develop a urea fertilizer plant in Vladivostok as a concrete step to follow up on the strengthened cooperation.

"Essentially, we, along with the President Director of Pupuk Indonesia, have just signed a joint study agreement to explore Pupuk Indonesia's potential investment in a urea fertilizer plant in Vladivostok," Rosan said in a statement in Jakarta, as quoted by state news agency Antara on Friday, September 4, 2026.

According to Rosan, Pupuk Indonesia's improved performance and efficiency have created opportunities for the company to expand its investments abroad. The collaboration with Russia is also expected to strengthen national material security and industrial resilience

"This is expected to be a strategic step that can also strengthen our material security and industrial resilience," he said.

Cooperation in the shipping sector

In addition to the fertilizer sector, Rosan mentioned potential cooperation opportunities in the shipping industry. During the bilateral meeting, President Putin offered state-of-the-art vessels measuring over 102 meters long that can be used to support direct fish processing.

Following up on the offer, President Prabowo will send a team to further study the technology and potential utilization of the vessel for Indonesia.

Rosan also highlighted the planned ratification of the free trade agreement between Indonesia and Eurasia, which is expected to further open up opportunities for trade and investment between the two countries.

Furthermore, Indonesia-Russia trade grew by over 12 percent in the previous year.

"So the momentum is very good it's the perfect timing to expand trade, cooperation, partnership, and investment between the two countries," he added.

Meanwhile, Pupuk Indonesia President Director Rahmad Pribadi stated that signing the memorandum of understanding for the joint study aligns with Danantara's directive for Pupuk Indonesia to play an increasingly vital role in strengthening national security while driving global expansion.

Vladivostok's position facing the Pacific region is considered strategic, as the area has long served as one of Pupuk Indonesia's primary markets. 

“This makes it particularly interesting because Vladivostok faces the Pacific, a market that has long been a primary market for Pupuk Indonesia,” Rahmad said. 

(Razaqa Hariz)