Western pressure on Russian oil trade brings Indonesia into focus

As Western pressure tightens on traditional buyers of Russian crude, analysts say Indonesia’s status as a fast-growing net oil importer with limited fiscal headroom could position it as a potential new market for Moscow’s discounted supplies. But any shift towards Russian barrels would carry diplomatic risks, they add, particularly as Jakarta seeks to conclude sensitive trade negotiations with Washington and avoid complicating ties with the US and its allies. Indonesia has already come under...

By Resty Woro Yuniar