Turkey’s opposition aims for 30mn signatures calling for Imamoglu release and early elections
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Russia and Indonesia are currently working to establish direct settlement mechanisms between their respective banking institutions, according to Russian First Deputy Prime Minister Denis Manturov, Interfax reported. The initiative is being overseen by financial regulators from both nations.
Speaking at the Russian-Indonesian intergovernmental commission, Manturov underscored the urgency of maintaining seamless financial transactions amid global challenges. “In today’s environment, ensuring uninterrupted mutual settlements is vital. A key priority is expanding direct correspondent banking ties between our countries' financial systems,” he said.
Trade between Russia and Indonesia has surged by more than 80% over the past five years, reaching $4.3bn in 2024. Manturov noted that Indonesia now ranks among Russia’s top three trade partners within ASEAN.
In Southeast Asia, Indonesia is the most populous state and one of the biggest regional economies. In recent months the country has been moving much closer to Russia and the BRICs group as US policies in Asia have proven more and more unpopular.
He also commended Jakarta’s foreign policy stance, saying, “We value Indonesia’s independent and pragmatic approach in advancing comprehensive cooperation with Russia, even in the face of considerable external pressures.”
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