Overview

• Prabowo and Putin signed a strategic partnership declaration in St. Petersburg that deepens bilateral ties across multiple sectors.
• Indonesia's sovereign wealth fund and the Russian Direct Investment Fund agreed to create a €2 billion ($2.29 bn) joint investment vehicle.
• Russia proposed expanded cooperation on military, security, trade and nuclear energy to support Indonesia’s diversification goals.
• Prabowo’s absence from this week’s G7 summit in Canada to meet Putin has sparked concern among Indonesia’s Western partners.
• Jakarta is considering its first nuclear power plant to boost electricity capacity and limit carbon emissions as energy demand rises.