The article is devoted to the history, current state, problems and prospects of economic
relations between Russia and Indonesia, a large Southeast Asian country with a rapidly developing economy. The article analyzes the history of economic relations, trends and structure of trade exchange, as well as business projects of Russian companies in Indonesia - both unfulfilled and successfully implemented. Conclusions and recommendations are formulated regarding the specifics of the investment climate of this country, as well as promising areas of investment. The prospects of economic relations between the two states are assessed in the context of the new geopolitical reality.