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Indonesia and Russia Forge $2.29B BRICS-Aligned Investment Pact
Indonesia and Russia Forge $2.29B BRICS-Aligned Investment Pact
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Indonesia has cemented its strategic pivot toward BRICS through a $2.29 billion investment agreement with Russia, signed at St. Petersburg's Constantine Palace. The deal underscores President Prabowo Subianto's push to diversify economic partnerships amid shifting global alliances.
President Vladimir Putin hailed Indonesia as a key Asia-Pacific partner, with the joint fund expected to catalyze cross-border infrastructure and trade initiatives. The accord signals Jakarta's growing alignment with multipolar financial systems as BRICS expands its geopolitical footprint.
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