Prabowo Secures Russian Investment Deal for Danantara, Pushes Strategic Partnership Beyond Energy
Main Takeaways
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JAKARTA, Investortrust.id – President Prabowo Subianto has concluded a productive state visit to Russia by witnessing the signing of four major cooperation agreements, including a key investment deal involving Indonesia’s sovereign wealth fund Danantara and the Russian Direct Investment Fund (RDIF). The agreement is part of a broader push to elevate Indonesia-Russia ties across trade, education, infrastructure, and digital transformation.
Accompanied by President Vladimir Putin, Prabowo oversaw the exchange of signed documents at the Konstantinovsky Palace in St. Petersburg on Friday, June 20, 2025. In a joint press statement, Prabowo emphasized that the meeting had led to “significant advances” in a wide range of sectors.
“My meeting with President Putin was intense and productive. Economic, technical, trade, and agricultural cooperation have all seen meaningful progress,” Prabowo said, according to a press release from the Presidential Secretariat.
The Danantara-Russia agreement marks a strategic move for the Badan Pengelola Investasi Daya Anagata Nusantara (Danantara), which recently partnered with Indonesia Investment Authority (INA) to inject Rp13 trillion ($810 million) into PT Chandra Asri Pacific Tbk (TPIA), with part of the funds used to acquire Shell’s refinery assets in Singapore. Danantara also committed to financing a 3-million-unit housing program and targets an annual return of at least 10% across its investments.
Danantara CEO Rosan Roeslani formalized the partnership with a representative of the RDIF’s management company during the ceremony.
Broader Agreements
Besides investment, the bilateral meeting produced also agreements in higher education, through a cooperation accord between Indonesia’s Ministry of Higher Education and Russia’s Ministry of Science and Higher Education.
In transport, both transport ministries signed a memorandum for cross-border mobility initiatives. Menwhile, in digital and media collaboration, Indonesia’s Ministry of Communications and Digital (Kemenkomdigi) and Russia’s Ministry of Digital Development, Communications, and Mass Media, agreed to build on the strategic MoU.
Russia also pledged to open direct flight routes from Moscow to Bali, with initial service scheduled at three to four flights weekly. “We welcome more routes not only to Bali but also to other Indonesian cities,” Prabowo said.
On geopolitical coordination, Prabowo reaffirmed Indonesia’s enthusiasm for full membership in BRICS and expressed appreciation for Russia’s support. He also welcomed growing ties with the Eurasian Economic Union (EAEU), aiming to expand Indonesia’s global trade architecture.
No Nuclear Deal — Yet
Despite speculation, Indonesia’s delegation did not discuss nuclear power cooperation during the visit. According to Eniya Listiani Dewi, Director General of New and Renewable Energy at the Ministry of Energy and Mineral Resources (ESDM), nuclear topics were not on the agenda. “The focus was limited to other sectors,” she said, noting the presence of oil and mining officials rather than nuclear representatives.
Still, Indonesia continues internal preparations for nuclear power development, targeting a 0.5 gigawatt (GW) capacity split between Kalimantan and Sumatra, pending a Presidential Regulation to formalize the Nuclear Energy Program Implementation Organization (NEPIO).