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 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 […]
The Venezuelan President, Nicolas Maduro, has stated that Venezuela is a part of BRICS and the path to join the BRICS group is being cleared. He was speaking during an interview with Brazilian journalist Breno Altman, broadcast by Venezolana de Television TV channel. Brazil had previously blocked Venezuela from joining due to concerns about the […]
Russia is still actively in the process of refocusing its exports to the East and Global South.Trade with China and India has largely stabilized and the pace of its growth will slow, while new markets need to be developed, primarily exports to ASEAN countries, Russian Deputy Economic Development Minister Vladimir Ilyichev said recently in an […]
The Venezuelan President, Nicolas Maduro, has said that he will have a meeting with Russian State Duma (lower house) Speaker Vyacheslav Volodin who presented Moscow during Friday’s (January 10) inauguration ceremony of the Venezuelan leader. Maduro stated “I have a meeting with Russian President Putin’s special envoy planned” at a rally supporting his inauguration as […]
Brazil has just become the new Chair of the BRICS group, taking over from Russia. The 2025 BRICS summit can be expected to be held in Rio de Janeiro, where the G20 also met just a few months ago, ensuring Brazil retains a global focus of key economic participants. Many in Brazil already regard the […]
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Nine countries will officially join BRICS as partner states in January, Russian presidential aide Yuri Ushakov has said, adding that the economic group is open to like-minded partners. The new “Partner Country” status was approved at the BRICS summit in Kazan in October, after more than 30 countries applied to join the organization. Partner country […]
Russia is holding negotiations on launching direct flights to Brazil, Malaysia and Pakistan, according to Roman Starovoyt, the Russian Minister of Transport, who had said “We are considering Malaysia and Brazil. Pakistan has also contacted us recently with a similar request. We are also analyzing the situation there, and engaging in a constant dialogue. Of […]
Russia’s Promsvyazbank (PSB) has begun developing a Russian payment infrastructure in Nicaragua and will develop an ATM network in the country, the bank has stated. PSB has installed its first ATM in the Nicaraguan capital, Managua, at a branch of Credicoop R.L. bank. It provides customers with access to cash operations in the national currency, […]
Brazil expects to reach an agreement with Russia’s Rosatom on cooperation in the Brazilian nuclear sector by the end of 2025, according to Alexandre Silveira, the Brazilian Mines and Energy Minister. The two sides have begun negotiations on developing a partnership, utilizing Russian experience and seeking investment for exploring Brazil’s mineral potential. Brazil expects to […]
PJSC Whoosh Holding, the holding company of Russian electric scooter and bike sharing service operator Whoosh, plans to soon enter the markets of several cities in Latin America, including Sao Paolo, Brazil, Dmitry Chuiko, the company’s CEO has said. Chuiko announced on Alexei Linetsky’s YouTube channel “We are launching in Sao Paolo literally within a […]
The Asia-Pacific Economic Cooperation (APEC) annual summit has concluded in Lima, Peru, with Russia as a member along with Australia, Brunei, Canada, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the United States, Taiwan, Hong Kong, China, Mexico, Papua New Guinea, Chile, Peru, and Vietnam. The Russian delegation was led by Deputy […]
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