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 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 United States against the rest of the world. It is essentially demanding tributes from its allies, such […]
Russia’s JSC AminoSib, which specializes in advanced wheat processing, is to begin exporting wheat gluten to Brazil. It plans to export 300 tonnes to the country and has already shipped a 25-tonne test batch. The company stated “Latin America does not have its own plants for advanced wheat processing. A significant proportion of its imports […]
Russia’s non-resource, non-energy exports are adapting to new conditions and strengthening their positions in the eastern and southern markets. In 2024, the positive balance of foreign trade increased by almost 8%, with exports to Africa and Asia continuing to grow. Export development reflects the potential of the domestic industry: Russian companies produce more than the […]
Cuba has become a member of the BRICS New Development Bank (NDB) and is expected to obtain access to alternative financing, as the NDB offers credit without the strict conditions of institutions such as the IMF or the World Bank. Cuba has limited access to the dollar-dominated global financial system and is heavily sanctioned by […]
Russia’s space agency, Roscosmos, has stated that a Glonass navigation satellite system has been commissioned in Venezuela. Dmitry Bakanov, Roscosmos CEO, said that “Today is a remarkable day for our space cooperation and for the Bolivarian Republic of Venezuela. We are commissioning a ground station of the Glonass navigation satellite system. Glonass is a reliable […]
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The Russian Foreign Minister, Sergey Lavrov, met with Mauro Vieira, the Foreign Minister Brazil on the sidelines of the BRICS summit in Rio de Janeiro. Brazil is a founding member of BRICS and the host country of this year’s event. During their conversation, Lavrov and Viera discussed upcoming Russian-Brazilian dialogue, and coordinated their actions in […]
The Russian Foreign Minister, Sergey Lavrov has met with Foreign Minister Mexico, Juan Ramon de la Fuente Ramirez on the sidelines of the BRICS summit in Rio de Janeiro. Mexico is not a member or partner BRICS nation; however the country was invited as an observer. Lavrov and Fuentes discussed key issues related to Russian-Mexican […]
The Russian Foreign Minister, Sergey Lavrov has met with President of Bolivia, Luis Alberto Arce Catacora on the sidelines of the BRICS summit in Rio de Janeiro. They discussed topical issues of bilateral cooperation in various areas, including interaction in trade and the economy, prospects for the implementation of large investment projects, as well as […]
Mexican Foreign Minister Juan Ramon de la Fuente will take part in the BRICS Summit in Brazil as an observer, Mexican President Claudia Sheinbaum said on Wednesday (July 2). “I was not going to take part [in the summit] and I cannot travel so often, there is a lot of work in the country. The […]
Two more Russian companies have obtained the rights to export fish and fish products to Brazil. Russia’s agriculture watchdog Rosselkhoznadzor said that the rights were granted to Kamchattralflot LLC and Sadko LLC of Murmansk by decision of the Secretariat of Agricultural Protection of Brazil’s Ministry of Agriculture and Livestock. Rosselkhoznadzor will guarantee the delivery of […]
Flights between Russia and the Dominican Republic may resume in the upcoming winter season “if the necessary agreements are reached,” reports the Russian Ministry of Transport. This issue was discussed during a meeting between Deputy Foreign Minister for Economic Affairs and International Cooperation Hugo Rivera and Dominican Republic Ambassador to Russia Alejandro Arias Sarzuela with […]
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