In response to Western efforts to isolate Indonesia following its war against Ukraine, Russian President Vladimir Putin met with Indonesian counterpart Prabowo Subianto.
Putin and Prabowo signed a strategic partnership declaration at a meeting on Thursday in St. Petersburg, Russia.
An agreement was signed to create a 2 billion euro ($2.29 billion) investment fund between Danatara, Indonesia’s sovereign wealth fund, and the Russian Direct Investment Fund, whose CEOs were also present in Saint Petersburg.
Following the discussions, Prabowo stated in a statement that the relationship between the two nations was “getting stronger again.”
“I had a productive, warm, and intense meeting with President Putin today. He claimed that there have been significant improvements in all of the areas of economics, technical cooperation, trade, investment, and agriculture.
Additionally, Putin acknowledged Indonesia’s full membership in the emerging economies group known as the BRICS (Brazil, Russia, India, China, South Africa).
“Our ties to Indonesia are steadily developing. The turnover of trade is increasing. According to Russian state news agency TASS, “we have good prospects in a number of promising and very interesting areas of cooperation.”
Agriculture, space, and energy are among the areas covered by this, as is technical assistance from the military. Our communication is excellent, and it is expanding, he continued.
Indonesia is attempting to boost power generation while limiting its carbon emissions because its largest economy, which primarily relies on coal, has a large dependence on coal. Despite this, Indonesia has a sizable supply of renewable energy sources like hydro, solar, and geothermal.
With a neutral foreign policy, Jakarta has struck a delicate balance between its regional rivals, China and the United States.
Instead of relying heavily on Western partners, Prabowo, who came to power last year, has looked to diversify the nation’s alliances.
After holding their first joint naval drills together last year, his decision to skip the G7 summit in Canada this week in favor of discussions with Putin sparked concerns about a tilt toward Moscow, according to analysts.
Source: Aljazeera
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