FT: In Latin America, Russia Has Become A Counterweight To The United States

Posted On 28 Apr 2015
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Tag: Latin America Russia become counterweight to United States, Russia and Latin America relations

Developing trade links with Latin America, Russia seeks above all to gain allies, who have all chances to become a country with a long history of confrontation with the United States, writes Financial Times.

Strengthening relations with the countries of Latin America, Russia is interested not only in commercial transactions, but in finding allies, writes Financial Times.

Although over the last decade the commercial interests of Russia in Latin America increased, the need to acquire political allies still outweighs believes edition.

“Russia needs friends, not only in trade but also in the United Nations, and she’s looking for them wherever possible” - said Diana Negroponte, the expert of the International Centre Woodrow Wilson. According to her, uneasy relations of Argentina with western countries like the UK and the US, make it an excellent ally for Russia.

During his visit to Moscow, writes FT, the Argentine delegation thanked Russia for its support on the issue of the Falkland Islands and hedge funds, who have won the case in the United States for compensation for their public debt of Argentina. In 2014, Argentina, in turn, had abstained from voting in the UN on the issue of annexation of Crimea to Russia.

According to FT, such steps are more important than the signed “Gazprom” public corporation and the National oil and gas fields in Argentina Memorandum of Understanding.

In addition to Argentina, Russia actively strengthens ties with countries that have “a long history of confrontation with the United States”: Cuba, Nicaragua and Venezuela, said Negroponte.

Vladimir Davydov, head of the Institute of Latin America of the Russian Academy of Sciences, said that Russia “acts as a counterweight to the United States” in the region. “Latin America now finds itself more independent of the United States. The relations not only in economics but also in matters of defense, foreign policy, - he said. - And in Russia we welcome it.”

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