Jakarta (ANTARA) – The Institute for Development of Economics and Finance (Indef) believes the strategic agreements resulting from President Prabowo Subianto's visits to Russia and France will strengthen Indonesia's bargaining position on the global stage.Indef Executive Director Esther Sri Astuti said on Thursday that Prabowo’s meetings with the leaders of both countries marked a crucial opportunity to strengthen cross-sector strategic cooperation while opening new economic opportunities.”This is crucial for strategic lobbying that opens up business opportunities, creates jobs, and improves Indonesia's bargaining position,” she stated.In France, the governments of both countries agreed to strengthen their long-standing bilateral relationship, spanning from defense and technology as well as economics and culture.From an economic perspective, the meeting between President Prabowo and French President Emmanuel Macron on April 14 resulted in several strategic agreements in the business and investment sectors.One of these agreements is a collaboration with Indonesia’s sovereign wealth fund, Danantara, which holds a potential value reportedly reaching tens of billions of US dollars.In the defense sector, the two countries are set to enhance collaboration in the main weaponry systems industry, which is expected to strengthen national defense capacity while encouraging technology transfer.Moreover, the talks also focused on renewable energy, as the two countries look into advancing clean energy development and new technologies for a sustainable transition.Furthermore, Indonesia and France also agreed to strengthen coordination to maintain global stability and security, particularly in the increasingly strategic Indo-Pacific region.Meanwhile, regarding Russia, the visit and agreements reached reflect Russia's support for Indonesia's accession to BRICS and open up opportunities for expanded economic collaboration.In addition, Cabinet Secretary Teddy Indra Wijaya conveyed that Prabowo secured various strategic partnership agreements from his state visits to Russia and France.Teddy said that in Moscow, Prabowo met with Russian President Vladimir Putin where the two underscored increased cooperation regarding long-term national energy supplies, including crude oil and LPG reserves.President Prabowo also assigned Energy and Mineral Resources Minister Bahlil Lahadalia to meet with President Putin's special envoy and Russian Energy Minister Sergey Tsivilev for further and more detailed discussions on the cooperation in Moscow.While in Paris, President Prabowo met with French President Emmanuel Macron to discuss increased cooperation in the fields of energy, education, digital communications, and long-term economic investment.Teddy said the visits delivered tangible results for Indonesia, given that both countries are major nations with abundant resources and significant global influence.