IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.54% USD/MXN17.50▲ 0.63% USD/CLP946.81▲ 1.20% USD/COP3,207▼ 0.65% USD/PEN3.39▼ 0.24% USD/ARS1,490▲ 0.50% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.94▼ 0.10% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.25% BRENT 100.73 ▲ 7.08% WTI 92.37 ▲ 6.38% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.71% GOLD 4,052 ▼ 2.28% SILVER 58.00 ▼ 3.37% SOY 1,246 ▲ 1.03% CORN 488.25 ▲ 5.68% WHEAT 701.50 ▼ 0.60% COFFEE 309.70 ▼ 2.19% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.53 ▲ 2.08% COCOA 5,323 ▼ 0.09% BEEF 220.80 ▼ 1.08% CATTLE 339.65 ▼ 0.45% LITHIUM 69.02 ▲ 0.03% PETR4 43.18 ▲ 1.41% VALE3 76.11 ▲ 1.34% ITUB4 42.34 ▼ 1.31% BBDC4 18.75 ▼ 1.16% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.05 ▼ 3.62% PRIO3 61.19 ▲ 2.38% SUZB3 42.07 ▼ 1.38% RENT3 37.00 ▼ 0.38% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.90 ▼ 0.26% PSSA3 55.22 ▼ 0.41% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.79 ▼ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.11 ▼ 1.28% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.64 ▼ 2.09% RAIL3 14.00 ▲ 2.64% KLABIN 17.59 ▼ 1.90% RAIA DROGASIL 18.40 ▲ 0.60% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.27 ▲ 0.83% BBSE3 42.46 ▼ 0.28% BPAC11 56.17 ▼ 1.49% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.26 ▼ 2.86% GMEXICO 211.83 ▼ 1.48% FEMSA 223.63 ▼ 1.80% CEMEX 21.71 ▼ 2.07% GFNORTE 191.11 ▼ 0.27% BIMBO 59.75 ▼ 0.91% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 378.26 ▲ 0.41% ASUR 271.61 ▼ 0.70% OMA 228.49 ▼ 0.09% KOF 180.50 ▼ 1.18% GRUMA 273.17 ▼ 2.60% KIMBER 39.02 ▲ 0.52% SQM-B 66,429 ▲ 2.11% COPEC 6,446 ▼ 1.58% BSANTANDER 79.69 ▼ 0.20% FALABELLA 6,058 ▲ 0.27% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.96% BANCO CHILE 192.14 ▼ 0.70% LATAM AIR 23.60 ▼ 2.03% YPF 83,350 ▲ 1.03% GGAL 8,065 ▼ 2.54% PAMPA 5,690 ▲ 1.16% TXAR 672.50 ▲ 0.67% ALUAR 978.00 ▲ 0.41% TGS 10,090 ▲ 1.87% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.00 ▼ 0.32% LOMA NEGRA 3,813 ▲ 0.07% BYMA 294.50 ▼ 0.34% TELECOM ARG 4,275 ▼ 3.28% ECOPETROL 16.73 ▲ 0.24% BANCOLOMBIA 86.24 ▲ 1.86% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 389.97 ▼ 0.94% SOUTHERN COPPER 185.76 ▼ 4.97% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.32% NUBANK 14.24 ▼ 1.86% XP 17.09 ▼ 1.24% PAGSEGURO 9.39 ▼ 2.90% STONE 10.99 ▼ 3.30% GLOBANT 30.07 ▼ 1.96% TECNOGLASS 44.06 ▼ 2.57% GAP AIRPORT 216.00 ▼ 0.71% ASUR 271.61 ▼ 0.70% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 25.99 ▼ 0.50% FEMSA ADR 127.88 ▼ 2.32% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.94 ▲ 0.57% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,712 ▼ 2.10% ETH 1,886 ▼ 2.46% SOL 75.92 ▼ 2.55% XRP 1.11 ▼ 2.97% BNB 566.57 ▼ 0.73% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.72% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.77% DOT 0.81 ▼ 3.02% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.72% XLM 0.18 ▼ 2.66% HBAR 0.07 ▼ 0.64% NEAR 1.88 ▲ 0.48% ATOM 1.43 ▼ 2.36% AAVE 95.96 ▼ 1.43% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.61 ▼ 0.66% JBS 12.04 ▼ 1.76% JBS BDR 61.15 ▼ 1.05% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.48 ▼ 3.78% IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.56% USD/MXN 17.50 ▲ 0.64% USD/CLP 946.59 ▲ 1.17% USD/COP 3,204 ▼ 0.73% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,490 ▲ 0.50% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.94 ▼ 0.10% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.23% BRENT 100.73 ▲ 7.08% WTI 92.37 ▲ 6.38% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.71% GOLD 4,052 ▼ 2.28% SILVER 58.00 ▼ 3.37% SOY 1,246 ▲ 1.03% CORN 488.25 ▲ 5.68% WHEAT 701.50 ▼ 0.60% COFFEE 309.70 ▼ 2.19% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.53 ▲ 2.08% COCOA 5,323 ▼ 0.09% BEEF 220.80 ▼ 1.08% CATTLE 339.65 ▼ 0.45% LITHIUM 69.02 ▲ 0.03% PETR4 43.18 ▲ 1.41% VALE3 76.11 ▲ 1.34% ITUB4 42.34 ▼ 1.31% BBDC4 18.75 ▼ 1.16% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.05 ▼ 3.62% PRIO3 61.19 ▲ 2.38% SUZB3 42.07 ▼ 1.38% RENT3 37.00 ▼ 0.38% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.90 ▼ 0.26% PSSA3 55.22 ▼ 0.41% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.79 ▼ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.11 ▼ 1.28% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.64 ▼ 2.09% RAIL3 14.00 ▲ 2.64% KLABIN 17.59 ▼ 1.90% RAIA DROGASIL 18.40 ▲ 0.60% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.27 ▲ 0.83% BBSE3 42.46 ▼ 0.28% BPAC11 56.17 ▼ 1.49% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.26 ▼ 2.86% GMEXICO 211.83 ▼ 1.48% FEMSA 223.63 ▼ 1.80% CEMEX 21.71 ▼ 2.07% GFNORTE 191.11 ▼ 0.27% BIMBO 59.75 ▼ 0.91% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 378.26 ▲ 0.41% ASUR 271.61 ▼ 0.70% OMA 228.49 ▼ 0.09% KOF 180.50 ▼ 1.18% GRUMA 273.17 ▼ 2.60% KIMBER 39.02 ▲ 0.52% SQM-B 66,429 ▲ 2.11% COPEC 6,446 ▼ 1.58% BSANTANDER 79.69 ▼ 0.20% FALABELLA 6,058 ▲ 0.27% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.96% BANCO CHILE 192.14 ▼ 0.70% LATAM AIR 23.60 ▼ 2.03% YPF 83,350 ▲ 1.03% GGAL 8,065 ▼ 2.54% PAMPA 5,690 ▲ 1.16% TXAR 672.50 ▲ 0.67% ALUAR 978.00 ▲ 0.41% TGS 10,090 ▲ 1.87% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.00 ▼ 0.32% LOMA NEGRA 3,813 ▲ 0.07% BYMA 294.50 ▼ 0.34% TELECOM ARG 4,275 ▼ 3.28% ECOPETROL 16.73 ▲ 0.24% BANCOLOMBIA 86.24 ▲ 1.86% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 389.97 ▼ 0.94% SOUTHERN COPPER 185.76 ▼ 4.97% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.32% NUBANK 14.24 ▼ 1.86% XP 17.09 ▼ 1.24% PAGSEGURO 9.39 ▼ 2.90% STONE 10.99 ▼ 3.30% GLOBANT 30.07 ▼ 1.96% TECNOGLASS 44.06 ▼ 2.57% GAP AIRPORT 216.00 ▼ 0.71% ASUR 271.61 ▼ 0.70% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 25.99 ▼ 0.50% FEMSA ADR 127.88 ▼ 2.32% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.94 ▲ 0.57% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,712 ▼ 2.10% ETH 1,886 ▼ 2.46% SOL 75.92 ▼ 2.55% XRP 1.11 ▼ 2.97% BNB 566.57 ▼ 0.73% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.72% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.77% DOT 0.81 ▼ 3.02% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.72% XLM 0.18 ▼ 2.66% HBAR 0.07 ▼ 0.64% NEAR 1.88 ▲ 0.48% ATOM 1.43 ▼ 2.36% AAVE 95.96 ▼ 1.43% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.61 ▼ 0.66% JBS 12.04 ▼ 1.76% JBS BDR 61.15 ▼ 1.05% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.48 ▼ 3.78%
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Thursday, July 23, 2026

Opinion: Russia Courts Latin America to Counterbalance U.S. Influence

By · October 4, 2023 · 2 min read

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(Opinion) Russia considers Latin America to be a strategic partner, primarily because the region frequently questions U.S. hegemony.

Recently, Sergei Lavrov, Russia’s Foreign Minister, emphasized this point at a forum in Moscow.

He called for a more prominent global role for Latin American countries, effectively strengthening their voice in international forums like the UN and G20.

Such a strategic alliance is crucial for altering the traditional power structures, dominated by the U.S. for decades.

Alejandro Martinez, a security expert, echoes this sentiment.

He claims that Latin America holds the potential to facilitate global multipolarity, bringing balance to world politics.

Moreover, the collaboration is not limited to just geopolitical maneuvering.

Russia also engages in cultural exchanges and academic partnerships with Latin American countries.

Russia Courts Latin America to Counterbalance U.S. Influence. (Photo Internet reproduction)
Russia Courts Latin America to Counterbalance U.S. Influence. (Photo Internet reproduction)
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It offers support in tackling universal challenges such as climate change and organized crime. These initiatives underline Russia’s comprehensive strategy in the region.

However, the alliance does have its limitations.

For example, Mexico’s close economic and geographical relationship with the U.S. acts as a barrier to full engagement with Russia.

Existing trade agreements, such as the USMCA, make it hard for Mexico to pivot towards a more multi-aligned stance.

The ultimate goal seems to be altering the status quo. With the rise of multipolar alliances, we’re seeing a gradual shift from U.S. dollar dependency.

Countries are exploring new economic partnerships. In doing so, they’re paving the way for a more balanced, interconnected world.

In a nutshell, Russia is actively working to deepen its relationships with Latin America. This isn’t just a fleeting political maneuver.

It’s a calculated strategy designed to redistribute global power.

The move could eventually decrease America’s long-standing hegemony, making room for a more equitable global landscape.

Background

Expanding the lens, this Russia-Latin America alliance has broader implications. Locally, for Latin American countries, aligning with Russia can offer alternatives.

They can access resources, technology, and diplomatic support that the U.S. may not offer.

It opens avenues for greater self-determination, without relying solely on traditional Western allies.

On the other hand, it also presents risks. Aligning too closely with Russia could strain relationships with the U.S., which remains a key trade partner for many.

Globally, this move serves as another example of the shifting world order. China, too, has been deepening its ties with Latin America through investments and trade deals.

The strategy of building multipolar alliances is not unique to Russia. Countries are increasingly seeking diversified partnerships to avoid dependency on a single power.

This highlights the decline of unilateral influence in favor of a more balanced global arena.

Overall, the budding Russia-Latin America relationship is a sign of changing times.

It shows the dynamic nature of international relations, where alliances can form beyond traditional confines.

This is indicative of a future where multiple centers of power coexist, altering the longstanding dynamics that have defined world politics for decades.

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