Since Russia started its war of aggression against Ukraine by illegally annexing the Crimean peninsula, it has been seeking to foster relations with countries in the Global South that are not firmly aligned with the Western world. In 2023, a change in Russia's foreign policy of 2016 placed a greater emphasis on Latin America and the Caribbean (LAC) and Africa, where the Kremlin has been building influence since the Soviet era. Russia's strategic goal is to counter the United States presence in the neighbourhood and to ensure that Latin America and the Caribbean remain geopolitically neutral. Russia is also pursuing the goal of building a new multipolar world order. Russia's longstanding political and security partners in LAC are Cuba, Nicaragua and Venezuela, each under an authoritarian regime. Russia is also trying to strengthen its political ties with other LAC countries such as Bolivia, Brazil and El Salvador. With all LAC countries, Russia works through bilateral agreements and intergovernmental forums, in particular BRICS and the G20. From an economic perspective, Russia's footprint in the region is very limited: its trade with LAC countries accounts for a mere 2 % of its global trade. Nevertheless, Russia has gained political leverage through its economic ties, especially due to key LAC countries' reliance on Russian fertilisers and diesel. In addition to political and economic relations, Russia has signed several military cooperation agreements with Latin American countries over the past two decades. Currently, military cooperation is primarily limited to Cuba, Nicaragua and Venezuela. Russian arms sales to the region have steadily declined since Russia's invasion of Crimea and are now insignificant. Alongside political, economic and military ties, Russia employs disinformation campaigns to undermine liberal democracies and promote Russian propaganda narratives.
Authors
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- 8
- Published in
- Belgium
Table of Contents
- Summary 1
- Latin America and geopolitical power play 2
- Russia's political engagement with Latin America and the Caribbean 3
- Russia's strategy for Latin America and the Caribbean 4
- A small Russian economic footprint in Latin America 5
- Figure 1 - Russia's trade with Latin America (imports and exports, monthly data) for 2020- 2024, (€ billion) 5
- Insignificant military cooperation between authoritarian regimes 6
- Russia's disinformation attack on Latin American and Caribbean democracies 7
- Prospects for EU relations with Latin America and the Caribbean 8