Latin America

Cuba

Russia’s Zarubezhneft Begins Oil Extraction In Cuba

BRICS, Energy, Investment, Latin America, Trade

Russia’s Zarubezhneft, a state-owned oil company specializing in exploration, development and operation of oil and gas fields outside Russia, has transitioned from pilot production to the exploitation phase of its Boca de Jaruco project in Cuba. The Boca de Jaruco field produces extra-viscous, extra-heavy oil (natural bitumen) from carbonate deposits using thermal steam methods. Zarubezhneft […]

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Russia Ecuador Flag

Russia-Ecuador 2025 Trade & Investment Analysis: Update 

Agriculture, Exports, Imports, Latin America, Trade

AvtoVAZ representatives will visit Ecuador in March this year and discuss the resumption of sales of Russian cars to the country, according to the Ecuadorian Ambassador Juan Fernando Holguin Flores. Despite sanctions, and the subsequent difficulties with payments and logistics, Russia remains an important trading partner of Ecuador, with Russia one of the main buyers

Russia-Ecuador 2025 Trade & Investment Analysis: Update  Read More »

Russia BRI

Russian Belt & Road Support For Maritime Shipping To Africa & Latin America     

Africa, Exports, Finance, Infrastructure, Investment, Latin America, Russia's Belt & Road, Trade

The Russian Ministry of Industry and Trade, together with the Russian Export Centre (REC), is launching a program of state support for exports to Latin America and Africa. According to the program, Russian logistics companies engaged in maritime transportation will be able to receive subsidies from the federal budget and set preferential tariffs for their

Russian Belt & Road Support For Maritime Shipping To Africa & Latin America      Read More »

Brazil

Rosatom Wins Contract To Enrich Brazilian Uranium    

BRICS, Energy, Exports, Infrastructure, Investment, Latin America, Trade

Russia’s nuclear energy state corporation, Rosatom, has won a Brazilian tender to provide conversion and enrichment services for domestically produced uranium, according to the companies press service, which stated the contract signed by Rosatom with the Brazilian state company Industrias Nucleares do Brasil (INB) is “worth around US$40 million.” It is expected that Brazilian uranium

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Trade

Trade With Southeast Asia and Latin America Now Accounts for 70% of Russia’s Exports & Imports: Foreign Ministry Interview

Asia, BRICS, Eurasian Economic Union, Finance, Latin America, Trade

Trade with the economies of Southeast Asia and Latin America already accounts for more than 70% of Russia’s export-import transactions, and the share of settlements in national currencies under foreign contracts with them is about 90%, according to Alexander Pankin, the Russian Deputy Foreign Minister. He emphasized that Moscow will continue to deepen cooperation with

Trade With Southeast Asia and Latin America Now Accounts for 70% of Russia’s Exports & Imports: Foreign Ministry Interview Read More »

BRICS-Grain

BRICS Agrarian Alliance Expected In June

Agriculture, BRICS, China, Eurasian Economic Union, Exports, Imports, India, Latin America, Trade

The upcoming BRICS Congress will take place in June, where it is planned to approve the creation of a BRICS Agrarian Alliance, according to Lyudmila Orlova, the President of the Russian National Movement of Conservation Agriculture. Orlova stated that “We held a round table in December and have now agreed on holding a congress and

BRICS Agrarian Alliance Expected In June Read More »

Brazil

Russian Diesel Exports To Brazil Show Sharp Increases As US Re-Directs Supplies To Europe

BRICS, Energy, Exports, Latin America, Logistics & Transport, Trade

Russia has significantly increased its exports of petroleum products to Brazil, primarily diesel fuel, over the past two and a half years, and there is potential for further cooperation in this area, according to Alexei Labetsky, the Russian Ambassador to Brazil. Labetsky said that “Over the past two and a half years, the volume of

Russian Diesel Exports To Brazil Show Sharp Increases As US Re-Directs Supplies To Europe Read More »

Butter

Russia Imports More Butter From Azerbaijan, Uruguay and Argentina

Agriculture, BRICS, Commonwealth of Independent States, Imports, Latin America, Russian Market, Trade

Russia’s supply chains are showing signs of adapting far more quickly than in the past, with one example being butter imports from Azerbaijan, Uruguay and Argentina this year, which have all increased, according to Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor). Azerbaijan delivered 940 tonnes of butter, four times the amount it did

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BRICS-US

The United States Bilateral Trade With The BRICS: Country By Country Analysis

Africa, Asia, BRICS, China, India, Latin America, Middle East, Trade

The United States President, Donald Trump, has stated on his social media account that he intends to place 100% tariffs on all imports into the United States from BRICS countries if they discontinue using the US dollar in their multilateral trade relations and revert to using their own currencies. In this article we examine the

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BRICS - VTB

Russia’s VTB Bank To Expand International Financial Transfer Services Into Africa, LatAm and Asia 

Africa, BRICS, Commonwealth of Independent States, Finance, Infrastructure, Investment, Latin America, Trade

Russia’s VTB bank plans to expand its services geography in providing international transfers in national currencies during 2025 by adding new countries in Africa, Latin America and Southeast Asia, the Russian state bank’s deputy CEO, Georgy Gorshkov has stated. VTB’s retail customers made 2.1 million transfers in the currencies of friendly countries in 2024, six

Russia’s VTB Bank To Expand International Financial Transfer Services Into Africa, LatAm and Asia  Read More »

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