THE RUSSIA-ASEAN STRATEGIC PARTNERSHIP: ECONOMIC DIMENSION

Russia sees a key component of its geopolitical pivot toward Asia as its connection with the Association of Southeast Asian Nations (ASEAN). This paper explores their relations in the economic dimension, which has a major impact on how their strategic partnership is developed. The authors analyze the situation of economic cooperation at the moment between Russia and ASEAN member states, pointing out significant trends in trade activity using a mix of qualitative and quantitative analysis. The partnership's enabling mechanisms and Russia's strategic initiatives to strengthen relations with Southeast Asian nations are the main subjects of this study. According to the research, Russia has not yet fully realized the potential for cooperation with the rapidly expanding economies of Southeast Asia. Currently, Russia is putting more of a focus on strengthening its ties with ASEAN countries as it pursues its Eastward Strategy. Under the Greater Eurasian Partnership (GEP) framework, the notion of boosting trade liberalization between EAEU and ASEAN presents considerable opportunities for establishing long-term, mutually beneficial economic links. The findings of the research may be used as an orientation for strengthening relations between Russia and ASEAN and establishing the groundwork for multilateral development cooperation in a variety of sectors, particularly in light of the numerous changes occurring in the world politics and economy.