Latest news with #strategicpartnership
Times of Oman
an hour ago
- Business
- Times of Oman
PM Modi, Croatia PM underscore importance of inking India-EU FTA within a year
Zagreb : Prime Minister Narendra Modi and Prime Minister of Croatia, Andrej Plenkovic underscored the importance of concluding a mutually beneficial India-EU Free Trade Agreement. PM Modi and Plenkovic welcomed the renewed momentum in the strategic partnership between India and the EU. "The two leaders welcomed the renewed momentum in the strategic partnership between India and the EU, two of the largest democracies, open market economies, and pluralistic societies. They underscored the importance of concluding a mutually beneficial India-EU FTA within the course of the year, as agreed during the historic visit of the EU College of Commissioners to India in February 2025," the statement read. The two expressed support for a just and lasting peace in the Russia-Ukraine conflict and the Middle East. They reiterated their commitment to promote a free Indo-Pacific region based on mutual respect. "The two Prime Ministers exchanged views on regional and global issues of mutual interest, including war in Ukraine. They expressed support for a just and lasting peace in Ukraine based on respect for international law, principles of the UN Charter and territorial integrity and sovereignty. The two leaders expressed concern about the deterioration of security situation in the Middle East and called for de-escalation between Israel and Iran. The leaders reaffirmed their commitment to promote a free, open, peaceful and prosperous Indo-Pacific built on international law and mutual respect for sovereignty and peaceful resolution of disputes underpinned by effective regional institutions," the statement read. As per the statement, the two sides emphasised the urgent need for reforms in the UN system, particularly the UN Security Council to make it inclusive and transparent. "The two sides reaffirmed their strong commitment to multilateralism and support for a rules-based international order. They emphasised the urgent need for reforms in the UN system, particularly the UN Security Council including its expansion in both permanent and non-permanent categories, to make it more inclusive, transparent, effective, accountable, efficient and better aligned with contemporary geopolitical realities," the statement read. Both sides reaffirmed their commitment to expanding the partnership between India and Croatia. "The Indian side expressed gratitude for the warm hospitality extended to them by the Croatian side. The two Prime Ministers expressed satisfaction at the outcomes of the visit, and reaffirmed their commitment to expanding the partnership between India and Croatia," the statement read. PM Modi paid an official visit to Croatia on June 18. This marked the first-ever visit of an Indian Prime Minister to Croatia to strengthen the growing momentum of high-level exchanges between the two nations.
Yahoo
4 hours ago
- Business
- Yahoo
Indonesia's Prabowo to hold talks with Putin to cement 'strategic partnership'
By Guy Faulconbridge ST PETERSBURG (Reuters) -Indonesian President Prabowo Subianto will hold talks with President Vladimir Putin in Russia this week to explore ways to deepen what their foreign ministers cast on Tuesday as a burgeoning strategic partnership. Russian Foreign Minister Sergei Lavrov, speaking at a meeting in Moscow with his Indonesian counterpart Sugiono, said Putin will meet Prabowo in St Petersburg on Thursday. Russia is due to hold its annual economic forum this week in the northern city, at which Putin traditionally gives a keynote speech and hosts a foreign leader. Russia and Indonesia, Lavrov said, should seek to deepen their defence, security, naval and trade ties. He said Russia's state nuclear corporation, Rosatom, stood ready to help Indonesia build an atomic power station, and the two countries could hold joint military exercises. "This is a show actually of how important and strategically Indonesia thinks of its relationship with Russia," Sugiono told reporters in English. Sugiono suggested that Putin and Prabowo had "chemistry" and suggested they develop and deepen their ties "into a strategic partnership." Trade between Russia and Indonesia totals nearly $4.5 billion a year, Lavrov said, adding that bilateral trade and investment should be boosted. Indonesia became a full member of the BRICS grouping earlier this year. Indonesia last year dismissed a report in defence publication Janes that Russia had asked to base military aircraft in Papua, its easternmost province, after the issue caused concern in Australia. Papua is about 1,200 km (750 miles) north of the Australian city of Darwin. (Writing by Guy FaulconbridgeEditing by Mark Trevelyan and Andrew Osborn)
Al Jazeera
11 hours ago
- Business
- Al Jazeera
Russia, Indonesia deepen ties as Putin and Prabowo meet in St Petersburg
Russian President Vladimir Putin met his Indonesian counterpart Prabowo Subianto as Moscow bids to strengthen ties in the Global South amid Western efforts to isolate the country following its war on Ukraine. On Thursday, Putin and Prabowo met in the Russian city of St Petersburg and signed a declaration on strategic partnership. Danatara, Indonesia's sovereign wealth fund, and the Russian Direct Investment Fund, whose CEOs were also in Saint Petersburg, signed an agreement to create an investment fund worth 2 billion euros ($2.29bn). In a statement after the talks, Prabowo said that the relationship between the two countries was 'getting stronger again'. 'My meeting with President Putin today was intense, warm and productive. In all fields of economics, technical cooperation, trade, investment, agriculture – they all have experienced significant improvements,' he said. Moreover, during the meeting at the Konstantin Palace, Putin acknowledged Indonesia's entry into the BRICS (Brazil, Russia, India, China, South Africa) grouping of emerging economies as a full member. 'Our relations with Indonesia are developing steadily. Trade turnover is growing. We have good prospects in a number of promising and very interesting areas of cooperation,' Putin said, according to Russian state news outlet TASS. 'This includes agriculture, space, and energy, as well as military-technical cooperation. Our interaction is very great, and it is growing,' he added. As Southeast Asia's largest economy relies primarily on coal as a source of power, despite its massive potential for renewable energy sources such as hydro, solar, and geothermal, Indonesia is seeking to boost power generation while capping its carbon emissions, considering nuclear power as a solution. With Jakarta maintaining a neutral foreign policy, it has walked a delicate balance between regional competitors, China and the United States. But Prabowo, who came to power last year, has looked to diversify the country's alliances instead of relying heavily on Western partners. His decision to skip the G7 summit in Canada this week in favour of talks with Putin raised fears of a tilt towards Moscow, analysts have said, after the two countries held their first joint naval drills last year. Meanwhile, the Russian leader said that on Friday, he and Prabowo will take part in the plenary session of the St Petersburg International Economic Forum.
CNA
16 hours ago
- Business
- CNA
Russia's Putin meets Indonesia's Prabowo in St Petersburg in bid to deepen ties
ST PETERSBURG: Indonesian President Prabowo Subianto held talks with President Vladimir Putin in the northern Russian city of St Petersburg on Thursday (Jun 19) 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 500MW capacity, aiming for it to come online in the next decade. Authorities said interested developers included Russia's Rosatom, China CNNC, and US 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 US as it looks to neutralise the effect of tariffs.
South China Morning Post
16 hours ago
- Business
- South China Morning Post
Putin hosts Indonesia's Prabowo in Russia in bid to deepen ties
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. Indonesian Foreign Minister Sugiono (left) and his Russian counterpart Sergei Lavrov in Moscow. on Tuesday. Photo: dpa Russia has proposed deepening military, security, trade and nuclear ties with Indonesia, which has the world's fourth largest population.
