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 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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Russia is set to resume its tourist trade with Venezuela after the countries President Maduro was abducted by US forces in January. The local situation appears to have returned to some normality with the resumption of direct flights between Moscow and Isla Marguerita now under discussion.
The latest Russia-Cuba Intergovernmental meeting has just taken place in Moscow, with some 90 Russian companies expressing interest in providing agricultural exports and investments into the country. Pork and flour supplies are especially needed with these a staple of Cuban cuisine.
Russia’s Uranium One Group (part of TENEX, a Rosatom subsidiary) and Brazil’s NBEPar have signed an agreement to establish a joint venture in Brazil. Part of the new companies remit will be to assess and develop uranium deposits in the country with an additional view of developing Brazil’s nuclear energy sector.
Russian is to be taught as the primary second language after Cuban Spanish in Cuba to better prepare students for engagement with Russian tourists and further Russian education possibilities in the country. It is one of several nations enaging more with Russian language to encourage trade, tourism and investment ties.
Russia’s Vladivostok-based Vladmorrybport has won permission to export Pollock to Brazil with the first shipment being prepared.
Russian President Vladimir Putin has met with Cuban Foreign Minister Bruno Rodriguez Parrilla in the Kremlin and confirmed Russia’s support for the island amid an escalating US blockade. Cuba is grappling with one of its worst energy crises in years after an oil embargo and other US restrictions sharply reduced fuel imports and exacerbated shortages. […]
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