Overview

• Prabowo Subianto met Vladimir Putin in St Petersburg on June 19 to formalize a strategic partnership aimed at strengthening bilateral cooperation.
• Indonesia’s and Russia’s sovereign wealth funds committed €2 billion ($2.29 billion) to a joint investment vehicle.
• Putin praised Indonesia’s recent accession to BRICS as a full member and proposed deeper military, security, trade and nuclear collaboration.
• Prabowo rebuffed suggestions he snubbed the G7 summit by citing a prior commitment to the St Petersburg International Economic Forum.
• Jakarta reiterated its non-aligned policy, diversifying partnerships beyond the West while maintaining ties with both Russia and the United States.