Latin America, Russia’s alternative trade partner

Greetings,

trade2(NOTES: This is a major sign of not only the loss of American power globally, but it is a great sign of the collapse of Western/Anglo power and influence globally)

Latin America, Russia’s alternative trade partner

trade

Latin America has become Russia’s alternative trade partner after the United States and the European Union imposed sanctions on Moscow over the crisis in Ukraine, Press TV reports.

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The Western states have placed sanctions on Russia, including on its financial and energy sectors, putting a number of Russian nationals close to President Vladimir Putin on a sanctions list.

Earlier this month, Russia imposed year-long food bans on the US, the EU, Australia, Canada and Norway in retaliation for their embargoes on Moscow. The ban is estimated to cost European agricultural industries millions of dollars.

Latin American countries, however, condemned the West’s attempts to isolate Russia and said they would not take any measure against their longtime ally, Russia.

“The region is one of the biggest food producers of the world and…US and EU protectionism hinders its international trade. That is why I don’t think this EU countries diplomatic pressure will have any effect. How can they ask us not to trade with Russia while they block our products into their markets,” Jorge Castro, an international analyst, told Press TV.

Brazil and Uruguay have already confirmed an increase of exports of meat and dairy products. Argentine government has also sent a senior official to the Russian capital to sign cooperation agreements.

“We are going to expand our agricultural production and finance new companies in this sector. We are the fifth food exporter in the world and this administration’s intention is to increase even more our trade capabilities,” Argentina’s Chief of the Cabinet of Ministers Jorge Capitanich said.

The US and European countries, however, said Latin American countries shouldn’t allow Moscow to use them to bypass its sanctions and that there should be a broad international alliance to block the Russian economy.

Experts, however, believe the region will not miss out this geopolitical change.

The Western powers accuse Moscow of having a hand in the crisis in eastern Ukraine, which erupted when Kiev launched military operations in April to silence pro-Russia protests, but the Kremlin denies the accusation.

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