Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

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
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    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.

    Home > Finance > Putin meets Indonesia's Prabowo to discuss military and energy ties, wheat exports
    Finance

    Putin meets Indonesia's Prabowo to discuss military and energy ties, wheat exports

    Putin meets Indonesia's Prabowo to discuss military and energy ties, wheat exports

    Published by Global Banking and Finance Review

    Posted on December 10, 2025

    Featured image for article about Finance

    MOSCOW, Dec 10 (Reuters) - ‌Russian President Vladimir Putin told Indonesian President Prabowo Subianto on Wednesday that Moscow was pleased with the developing military ‍ties between ‌the two countries and ready to help Jakarta in the field of nuclear energy.

    Putin, hosting Prabowo in the Kremlin, said he ⁠also wanted to talk about what he called a slight ‌decrease this year in the volume of Russian wheat exports to Indonesia.

    It was the second time the pair have met this year in Russia, as Putin courts the leader of the world's fourth most populous country - part of a strategy to build stronger ties with the Global South as ⁠his economy remains under Western sanctions because of the war in Ukraine.

    In televised exchanges between the two leaders, Prabowo hailed the "excellent" state of relations. Referring to Putin's ​visit to India last week, he invited him to come to Indonesia "at your convenience" ‌in 2026 or 2027.

    Russia is building nuclear power plants in ⁠a number of countries, and Putin told Prabowo: "If you consider it possible to engage our specialists, we are always at your disposal."

    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.

    In agriculture, Putin said, Indonesia has a slight trade surplus with Russia.

    "We have no complaints; we are ready to seek ways to further develop relations in this sector," he said. "I believe the supply of wheat to your market has decreased slightly. This will also be a subject of our discussion today."

    Russia, the world's top wheat exporter, ​resumed shipments ‍to Indonesia in October after a pause ​since January due to negotiations between the two countries over access for Russian grains.

    Russia's agricultural safety watchdog said Indonesia's Quarantine Agency agreed in August to extend safety certificates for Russian grains, paving the way for the supply of 52,000 metric tons of wheat in October.

    Russia's agriculture export agency, Agroexport, estimated grain supplies to Indonesia, mostly wheat, at 1.3 million tons in 2024. It said that before the new agreement, Russia had supplied only 123,000 tons of grain this year, all in January.

    Russia is seeking to diversify wheat exports ⁠to Asia from its traditional customers in the Middle East but is likely to face stiff competition from the United States, supplies from which are set to grow following trade deals with ​Asian countries.

    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.

    Russia has praised what it says is Indonesia's balanced position on the war in Ukraine. Russia and Indonesia conducted their first joint naval exercises in the Java Sea in ‌November 2024.

    Military ties "are developing and are at a level of good professional cooperation", Putin said. "Indonesian specialists are constantly training at our universities, including military academies."

    (Reporting by Ksenia Orlova, Vladimir Soldatkin and Gleb Bryanski; Writing by Mark Trevelyan and Lucy Papachristou, Editing by Alexandra Hudson)

    Related Posts
    UNESCO recognition fuels Italy's culinary pride despite fears of tourist trap
    UNESCO recognition fuels Italy's culinary pride despite fears of tourist trap
    German cabinet approves draft biofuels law, food-based ingredient use to continue
    German cabinet approves draft biofuels law, food-based ingredient use to continue
    Croatia signs MoU with Germany to buy Leopard 2A8 tanks
    Croatia signs MoU with Germany to buy Leopard 2A8 tanks
    Leaders of coalition of the willing on Ukraine to meet on Thursday
    Leaders of coalition of the willing on Ukraine to meet on Thursday
    UK's Starmer says Europe is 'strong' and united behind Ukraine
    UK's Starmer says Europe is 'strong' and united behind Ukraine
    Protesting Greek farmers disrupt port operations as nationwide blockades persist
    Protesting Greek farmers disrupt port operations as nationwide blockades persist
    Volkswagen to decide on 160 billion euro investment budget, Handelsblatt reports
    Volkswagen to decide on 160 billion euro investment budget, Handelsblatt reports
    Bulgarian court rejects Lebanon's extradition request for Russian over Beirut blast
    Bulgarian court rejects Lebanon's extradition request for Russian over Beirut blast

    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