Indonesia signs contract to increase imports of Russian oil

```htmlGolden Ten Data reported on June 25 that, according to foreign media, Russia and Indonesia have signed a contract for the import of Russian oil. The contract was finalized through Indonesia’s national oil and gas institution Lemigas, and is based on a top-level agreement reached between Russian President Putin and Indonesian President Subianto. This agreement is part of a broader procurement plan, which aims to purchase a total of 150 million barrels of Russian oil to be implemented in stages before the end of 2026. Last week, Indonesia’s Ministry of Energy confirmed that, despite eased tensions in the Middle East and the reopening of the Strait of Hormuz, Indonesia will continue to import Russian crude oil.```