Indonesia is mulling Russian oil imports to tame energy prices on the domestic market, the country’s President Joko Widodo told the Financial Times on Monday.
Asked whether Indonesia would buy Russian oil, Widodo answered in the affirmative. "We always monitor all of the options. If there is the country [and] they give a better price, of course. <...> There is a duty for [the] government to find various sources to meet the energy needs of their people. We want to find a solution," he told the FT in an interview.
If Indonesia were to join India and China, the two countries that have significantly increased Russian oil purchases thanks to a discount offered, it would help Russia offset much of its losses from reduced shipments to Europe, the FT writes.