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.
The Russian Foreign Minister, Sergey Lavrov, has met with Julio Antonio Garmendia Peña, the Cuban Ambassador to Russia, at the conclusion of his diplomatic mission in Moscow. The two men evaluated the results of collaborative efforts to fortify the strategic partnership between Russia and Cuba, with discussions encompassing pivotal issues on both the bilateral and […]
Cooperation Agreements have been signed by the government of Nicaragua and the Donetsk People’s Republic, the Lugansk People’s Republic, the Zaporozhye and Kherson regions, and the City of Sevastopol (Crimea), with the ceremony taking place on Monday (September 22). The documents were signed by the heads of the Russian regions and Laureano Ortega, the Special […]
The Russian company Basis LLC, a joint venture between Rostelecom, Yadro, and GS Invest that develops software for managing dynamic IT infrastructure, has reached an agreement to supply its solutions to Banif Investimento Participacoes S.A., a Brazilian provider of investment banking services. The companies signed an agreement at the Kazan Digital Week 2025 forum, which […]
Russia’s trade turnover with Uruguay, while admittedly small, grew by 70% year-on-year to US$123 million in H1 2025, according to the Russian plant and animal health watchdog Rosselkhoznadzor. This suggests a total 2025 Russia-Uruguay bilateral trade figure of US$246 million may be achievable. The comment was made after a meeting of the Russia-Uruguay joint commission […]
The BRICS nations convened an emergency virtual summit yesterday (September 8), hosted by Brazilian President Lula da Silva, to discuss the situation concerning the United States imposition of trade tariffs on multiple countries including BRICS members. The meeting lasted about 90 minutes. All ten full BRICS members were present, represented by Brazilian President Lula Da […]
Subscribe to receive exclusive insights and analysis on Latin America.
Unlike China and India, Brazil does not import crude oil directly from Russia. However, it ranks as the third-largest buyer of Russian refined petroleum products globally—behind Turkiye (26%) and China (13%)—accounting for 12% of such imports. Those imports have also been increasing. According to data from the Helsinki-based Centre for Research on Energy and Clean […]
PJSC Whoosh Holding, the Russian holding company of the Whoosh electric bike-sharing service, plans to increase its expansion in Latin America, according to the company’s founder and CEO Dmitry Chuiko. Currently, Whoosh operates in two Latin American countries, Brazil and Chile. Chuiko said that “The focus of work in the near future will be directed, […]
On August 22, Russian Foreign Minister Sergey Lavrov had a telephone conversation with Venezuelan Executive Vice President Delcy Rodriguez Gomez. In the course of the conversation, the two sides confirmed their mutual intention to further strengthen the strategic partnership relations between Russia and Venezuela. The parties discussed current bilateral issues and agreed to increase interaction […]
Russia and Ecuador have been at some loggerheads concerning Russian imports of Ecuadorean bananas, with complaints concerning quality issues ongoing between the two countries. Ecuador is Russia’s largest supplier of the fruit, with exports to Russia reaching about 1.4 million tonnes worth over US$1 billion annually. To help resolve the situation, Ecuador is now prepared […]
Russia imported 14,000 tonnes of shrimp from Ecuador in H1 2025, up 15% compared to the same period last year, according to data from Ecuador’s National Aquaculture Chamber. The value of shipments rose 30%, reaching US$70 million. Russia’s share in Ecuador’s shrimp exports slightly increased, accounting for 4% in both volume and value terms. Russian […]
The regional Ukraine conflict, initially a European issue, has now evolved into a new, generally unacknowledged phase that is revealing in its geographic spread and aims – it has morphed into a global economic war, essentially pitting the European Union and the United States against the rest of the world. Both are demanding compliance with […]
Русский
