• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 19, 2025

    Featured image for article about Headlines

    ST PETERSBURG, Russia (Reuters) -Indonesian President Prabowo Subianto held talks with President Vladimir Putin in the northern Russian city of St Petersburg on Thursday as they explore ways to deepen what some officials have called a burgeoning strategic partnership.

    The deepening of ties between Russia and Indonesia, part of Moscow's bid to forge new relations with the Global South amid Western attempts to isolate it over the Ukraine war, has perturbed some powers such as Australia.

    Meeting in the Constantine Palace, Putin noted Indonesia's entry into BRICS as a full member and said he was sure it would make a significant contribution to the grouping, which he said was gaining clout in the world.

    Prabowo thanked Putin for his support over Indonesia's entry to BRICS and said that ties between the two countries were improving.

    Russia and Indonesia's foreign ministers, Sergei Lavrov and Sugiono, speaking in Moscow earlier this week, mentioned a possible strategic partnership between the two countries.

    Russia has proposed deepening military, security, trade and nuclear ties with Indonesia, which has the world's fourth largest population.

    Prabowo previously visited Russia in August 2024, when he was defence minister and president-elect, and described Moscow as a "great friend", saying he hoped for stronger cooperation on defence, energy and education.

    Indonesia has said that it wants to build its first nuclear power plant by 2032, with 500 MW capacity, aiming for it to come online in the next decade. Authorities said interested developers included Russia's Rosatom, China CNNC, and U.S. small modular reactor producer NuScale.

    Indonesia, Southeast Asia's biggest economy, currently relies mostly on coal as a source of power despite boasting massive potential for renewable energy sources such as hydro, solar and geothermal.

    With expectations of high energy demand in the future, Indonesia is seeking to boost power generation capacity while capping its carbon emissions, eyeing nuclear power as the solution.

    Prabowo has maintained Indonesia's non-aligned foreign policy, vowing to befriend any country, including Russia and the United States. He has said Indonesia will not be joining any military bloc.

    China is Indonesia's largest trading partner, but recently Prabowo's government announced a raft of concessions for trade with the U.S. as it looks to neutralise the effect of tariffs.

    Russia has praised what it says is Indonesia's balanced position on the Ukraine war. Russia and Indonesia conducted their first joint naval exercises in the Java Sea last November.

    (Reporting by Guy Faulconbridge in St Petersburg, Russia, and Stanley Widianto and Gibran Peshimam in Jakarta; Editing by Mark Trevelyan)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe