By Elliot Wilson
Russia: Hand in hand
Russian energy companies and banks have started venturing into Latin America. Despite their aspirations, the extent of the new relationship remains in doubt
Despite their cultural disparities, and minimal trade in
recent years, economic relations between Russia and Latin
America are on the rise for the first time since the Soviet
Then, Moscow's influence south of the Rio Grande was
politically tilted. Russian leaders funded regimes from Havana
to Santiago, largely to undermine the United States.
Under president Vladimir Putin, however, Russia is more
petrostate than ideologue. So it is little surprise that most
trade between Moscow and South America involves energy-heavy
One major partnership is...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.