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 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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Our deep-dive analysis into the results of SPIEF 2026 – the signed agreements, investment deals, Russian corporate finance, multilateralism and agreed projects, including China, India, ASEAN, Middle East, African and LatAm investment plans.
Russia’s Kristall Distillery is importing and then bottling premium Mexican tequila for the domestic market. Russians are drinking less vodka and a variety of other alcohols as market tastes shift.
Russia has ratified the free trade agreement between the Eurasian Economic Union and Indonesia, paving the way for a substantial increase of the bilateral US$4.8 billion in trade but also linking fellow Muslim markets in Central Asia to Southeast Asia.
The Russia-Brazil Intergovernmental committee has been meeting in Brasilia with significant progress made in developing Russian supplies of both LNG and nuclear power to Brazil.
The Moscow Zoo is leading an international mission with the Global Union of Zoological Institutions to relocate about 200 Hippopotami in Colombia, descendants of deceased Drug Baron Pablo Escobar’s private safari park. The animals, native to Africa, have been breeding and causing significant environmental damage. If relocation is unsuccessful, Bogota will euthanize the creatures.
The Russian Foreign Minister, Sergey Lavrov, has summoned the Ambassadors of all Latin American and Caribbean countries to meet in Moscow where the coordination of regional geopolitical efforts were discussed as well as mutual humanitarian support for Cuba given the US blockade of essential supplies to the country.
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