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Indonesian President Prabowo Suubianto said the relationship between the two countries “reinforced again”.
Russian President Vladimir Putin met his Subbowo Indonesian counterpart, while Moscow learned to strengthen ties in the world in the middle of Western efforts to isolate the country following his war against Ukraine.
Putin and Prabowo met in the Russian city of Saint Petersburg and signed a declaration on the strategic partnership on Thursday.
Danatara, the Sovereign Heritage Fund of Indonesia, and the Russian Direct Investment Fund, whose CEOs were also in Saint Petersburg, signed an agreement to create an investment fund worth 2 billion euros (2.29 billion dollars).
In a statement after the talks, Prabowo said that the relationship between the two countries “reinforced again”.
“My meeting with President Putin today was intense, warm and productive. In all areas of the economy, technical cooperation, trade, investment, agriculture-they have all experienced significant improvements, “he said.
In addition, during the meeting at the Palais de Konstantin, Putin recognized the entry of Indonesia into the BRICS (Brazil, Russia, India, China, South Africa) emerging economies as a full member.
“Our relations with Indonesia are developing regularly. Commercial turnover increases. We have good prospects in a number of promising and very interesting areas of cooperation,” said Putin, according to the Russian state media Tass.
“This includes agriculture, space and energy, as well as technical military cooperation. Our interaction is very large, and it increases,” he added.
Since the economy of Southeast Asia is mainly based on coal as a source of energy, despite its massive potential of renewable energy sources such as hydroelectricity, solar and geothermal energy, Indonesia seeks to stimulate electricity production while capping carbon emissions, considering nuclear energy as a solution.
Jakarta retaining a neutral foreign policy, he has traveled a delicate balance between regional competitors, China and the United States.
But Prabowo, who came to power last year, sought to diversify the country’s alliances instead of counting strongly on Western partners.
His decision to jump the Summit G7 In Canada this week in favor of talks with Putin, fears an inclination to Moscow, analysts said, after the two countries organized their first common naval exercises last year.
Meanwhile, the Russian chief said that Friday, he and Prabowo will participate in the plenary session of the International Economic Forum in Saint Petersburg.
