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[INTERNATIONAL] · Indonesia, Russia · 23 sources

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Indonesia and Russia strengthen strategic ties at Eastern Economic Forum

During the 11th Eastern Economic Forum in Vladivostok, President Prabowo Subianto and President Vladimir Putin discussed strengthening strategic partnerships between Indonesia and Russia. Key areas of cooperation include agriculture, energy, mineral resources, defense, and shipping. Notably, Pupuk Indonesia is conducting a joint study to explore investing in a urea fertilizer plant in Vladivostok.

President Prabowo emphasized Indonesia's commitment to a free and active foreign policy, stating the nation does not seek military alliances but is eager to participate in economic alliances. He urged members of the Eurasian Economic Union (EAEU) to ratify the Indonesia-EAEU Free Trade Agreement, which Indonesia has already ratified. This agreement aims to provide access to over 290 million consumers in Eurasia.

To facilitate investment, Prabowo introduced Danantara, Indonesia's sovereign wealth fund, suggesting it could serve as a bridge for capital markets between the two nations. Additionally, discussions touched upon increasing connectivity through direct shipping and flight routes between Indonesia and Russia, as well as potential cooperation in nuclear energy and mineral downstreaming.

Entities

Danantara · Eastern Economic Forum · Indonesia · Prabowo Subianto · Pupuk Indonesia · Russia · Russian Direct Investment Fund · Vladimir Putin · Vladivostok

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