Details

The aim of the study is to: 1) Analyze the trend and potential for the expansion of Indonesian export products to the Russian market; 2) Develop a priority scheme in the business strategy for Indonesian export products to the Russian market; 3) Provide recommendations for Indonesian companies efforts in product expansion into the Russian market. The study was carried out on the basis of open data of the export & import figure of Indonesia and Russia from 2011 to 2022. Research subject: opportunity for Indonesian companies in doing business to the Russian market. Research methods: quantitative approach and qualitative approach. The main results of the study: – payment arrangements in the process of business activities and business development in the Russian market are necessary to prevent the impact caused as a result of economic and political pressures; – Indonesias foreign policy is one of the considerations in the process of facilitating the licensing of Indonesian products to the Russian market with various schemes, both incentives, ease of investment, and other instruments that are considered to provide benefits to Indonesia; – Indonesian products are unique products because the raw materials are only available in Indonesia but have high needs and demand from the Russian people. Application field: export management. The scientific novelty of the study is the visibility to nurturing the trade portfolio between Indonesia and Russia ahead. Information technologies such as MS Office suite were used while working on the graduate qualification work. Conclusions. The tasks of the thesis are solved, the goal is achieved, and the scope of application of the results is determined. The results obtained show signs of scientific novelty. The directions of further research are defined.