China and Russia would push forward their cooperation to synergize the Belt and Road Initiative (BRI) and the Eurasian Economic Union - Photo Xinhua News

JAKARTA (TheInsiderStories) – China and Russia would push forward their cooperation to synergize the Belt and Road Initiative (BRI) and the Eurasian Economic Union, said the both leaders in a meeting between the two leaders in Moskwa on June 5 – 6.

China’ President Xi Jinping and Russia’ President Vladimir Putin also sent the world a strong message that the two countries to safeguard multilateralism and the international order. It said, as permanent members of the United Nation Security Council, both countries had the responsibility and obligation to maintain global strategic stability.

Xi and Putin also agreed to strengthen contemporary global strategic stability. The two countries signed and issued the statement on global strategic stability, expounded their views on the current international security environment, and demonstrated their common positions on security and arms control.

The statement also pointed out the direction for the two nations to deepen their strategic mutual trust and enhance the strategic cooperation.

At the same day, Putin stressed that Russia had differences with Organization of the Petroleum Exporting Countries (OPEC) over a fair price for oil. He assured that Moscow would take a joint decision on output with OPEC and large oil producers in Vienna in the end of June or early July to decide on their policy for the next half of the year.

Previously, the oil producers have agreed to cut their combined production by 1.2 million barrels per day, or more than 1 percent of global output, from Jan. 1 until the end of June in order to support oil prices and balance the global crude market.

While, United States (US) President Donald Trump said that the progress which has been made with Mexico on tariffs and immigration is not enough, renewing his threat to impose a 5-percent tariff on all imported Mexican goods next week.

In Washington, Vice President Mike Pence hosted the meeting with Secretary of State Mike Pompeo, acting Secretary of the Department of Homeland Security Kevin McAleenan, Mexican Foreign Minister Marcelo Ebrard and other senior US and Mexican officials focused on immigration issues. The meeting not discuss about tariffs.

In Indonesia, Coordinating Minister for Economic Affairs Darmin Nasution believed that the economy can grow 5.2 percent in the second quarter of 2019 based on solid macroeconomic management, strong domestic demand and the momentum of growth that has taken place in the current administration of President Joko Widodo.

The increase in ratings from the Standard & Poors rating agency and the increase in the competitive index from the International Institute for Management Development, he said might add to the positive list that makes Indonesia more attractive and feasible as an investment country.

On Thursday, Indonesian Rupiah closed at 14,252 over the Greenback from prior day 14,286. Today, the local currency more stronger open at 14,201 against the US Dollar.

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia