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Jakarta Post

Russia, Indonesia to boost economic cooperation

  • The Jakarta Post

Jakarta   /   Sat, November 20 2010   /  12:50 pm

Indonesia and Russia expect to increase bilateral economic activities in the upcoming years following the 60th anniversary of their diplomatic ties.

Russian Ambassador to Indonesia Alexander Ivanov said Friday that the trade volume between both countries was projected to exceed US$1.8 billion this year.

“This is quite awesome already. We hope that within the next few years our bilateral trade will reach $5 billion to $7 billion,” Ivanov said after signing commemorative cover stamps with Indonesian acting post and telecommunications director general Muhammad Budi Setiawan in Jakarta.

The ceremony was part of various activities to commemorate
the 60th anniversary of the diplomatic relations between the two countries, which took place on Feb. 3 this year.

Earlier last month, both countries, represented by Indonesian Foreign Minister Marty Natalegawa an...