Indonesia explores Russian oil imports after joining BRICS

Minister of Energy and Mineral Resources  Bahlil Lahadalia, has indicated the possibility of importing oil from Russia following Indonesia’s official membership in the BRICS economic forum.

Speaking at the ministry office in Jakarta on Friday, Bahlil emphasized Indonesia’s active and independent foreign policy. He stated that Indonesia is open to cooperation with any nation, provided it complies with applicable rules. "If BRICS opens opportunities for us to procure oil from Russia and it aligns with regulations, there’s no reason not to proceed," Bahlil said.

BRICS, comprising Brazil, Russia, India, China, and South Africa, recently expanded to include new members such as Egypt, Ethiopia, Iran, and the United Arab Emirates. Indonesia’s membership, announced after its candidacy was approved during the 2023 BRICS Summit in Johannesburg, aligns with the country's commitment to multilateral cooperation.

Read also: Govt denies immediate Russian oil purchase, keeps door open

While Russia remains under Western sanctions due to its actions in Ukraine, Bahlil asserted that Indonesia would prioritize partnerships that are beneficial and in line with its national interests. This approach extends not only to BRICS members but also to the Organization for Economic Cooperation and Development (OECD), which Indonesia is also considering joining.

“Opportunities that benefit Indonesia, whether through BRICS or OECD, should be explored without issue,” Bahlil said.

The Russian Foreign Ministry has welcomed Indonesia's full membership in BRICS, citing shared values of mutual respect, openness, pragmatism, and solidarity. Russia believes Indonesia’s inclusion will enhance the group’s prestige and facilitate greater collaboration among the Global South and East to foster a more balanced world order.

Indonesia delayed its official BRICS membership application until after the 2024 presidential election and the formation of a new cabinet. Now, as a member, Indonesia seeks to maximize its participation in the forum to support its economic and energy security goals.

Editing by Alexander Ginting