Russia’s trade with Latin America is characterized by a strategic pivot, focusing on key sectors like food security (wheat, seafood) and energy, despite sanctions complicating payments, with Chile, Brazil, Argentina, and Mexico as major partners, while Latin America seeks diversification away from U.S. dependency, creating a complex dynamic of growing cooperation in specific areas (like food) alongside energy market shifts. Track Russia’s growing business ties with Latin America. Analysis of trade agreements, investment flows, and market expansion opportunities for companies engaged in Russia-LatAm regional commerce.
Russia’s Foreign Minister, Sergey Lavrov, has met with Mauro Vieira, the Brazilian Minister of Foreign Affairs. With bilateral trade currently growing at more than 6% per annum, we examine the main trade aspects in energy, rare earths, agriculture, and the overall bilateral dynamics.
The Shanghai Cooperation Organisation Foreign Ministers Summit has just concluded in Kyrgyzstan. Russia’s Foreign Minister also had specific meetings with China, Iran, and Pakistan. We discuss the key developments including the potential establishment of an SCO Development Bank.
The Russian Foreign Minister, Sergey Lavrov, has held three days of meetings in Manila with all the ASEAN countries, in addition to meetings with India, Bangladesh, Pakistan, Sri Lanka, Egypt, Brazil and the United States. These took place under the Russia-ASEAN Summit, the ASEAN Regional Forum and the East Asia Summit. We provide detailed analysis of each of these discussions as well as examine the geopolitical and trade dynamics.
We review the Russia-Latin America Strategic Cooperation Forum (CORAL 2026) which has just taken place in Sao Paulo. Participants included Brazil, Argentina, Colombia, Costa Rica, Guatemala, Honduras, Chile, Venezuela, Paraguay, Ecuador and Russia in what was an important regional trade development event. We provide a country by country analysis and the latest Russia-Latin America trade intelligence.
Russia’s VTB bank has opened a QR code payments system in Argentina, which allows Russians to make commercial transactions in the country while bypassing SWIFT. Other rollouts in Latin American countries are expected.
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Russia, China and 27 other global south countries have signed up to form the World Artificial Intelligence Cooperation Organization, with a mandate to strengthen international cooperation and global governance in artificial intelligence and share development expertise. We detail the members and examine the stated goals.
Russia needs to better secure its arbitration reach by both developing Bilateral Investment Treaties with Global South nations, and / or establishing a BRICS arbitration centre. We can expect a flurry of BIT agreements being signed in the coming months.
Is multiculturalism dead – or just moving away from the West to the Global South? The joint Russia-India film ‘Persimmon of my Love’ has been playing to rave reviews on a national release in Russia, while co-BRICS film productions are also underway between Russia and Brazil, China, Egypt, Iran and Indonesia amongst others.
The BRICS countries are continuing their plans to establish a grain exchange, to divert agricultural trade away from Western platforms. The BRICS both produce and consume about 44% of the world’s total markets for corn, wheat and rice, with members Brazil, China, India, Indonesia and Russia amongst the world’s largest producers and consumers.
The Eurasian Economic Union is considering the applications of Myanmar, Nicaragua and Venezuela to become ‘Observer’ states to the EAEU, with several other countries, including India, Israel, Egypt, Tunisia, Pakistan, and Cambodia all negotiating Free Trade Agreements.
Russia has exported frozen crab to Mexico for the first time. Consumption of seafood in Mexico is increasing, while Russia is the world’s largest exporter of crab with the Kamchatka Crab a sought-after gourmet speciality.
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