OREANDA-NEWS Russia and Indonesia have already begun moving towards expanding the use of national currencies in mutual trade to reduce the risks of global financial pressure, Indonesian Industry Minister Agus Gumiwang Kartasasmita said in an interview with RIA Novosti and RT.

"To reduce the risks of global financial pressure, we have already begun to move towards allowing trade between Russia and Indonesia to use local currencies or our Indonesian Local Currency Settlement scheme," the minister said.

According to him, the expansion of settlements in national currencies can give an additional impetus to the development of bilateral cooperation.

"This, of course, will strengthen the idea that cooperation between the two countries can develop better. This cooperation should really be balanced, mutually beneficial and based on the national interests of each side," Kartasasmita said.

The minister added that the development of settlement mechanisms in national currencies could become part of broader agreements between Moscow and Jakarta.

"Ultimately, all this will lead to broader agreements between Russia and Indonesia," he stressed.
Indonesia will be a partner country of the INNOPROM International Industrial Exhibition in 2026, which will be held in Yekaterinburg.