Moscow Highlights Deepening Russia-Latin America Ties and Vision for Multipolar World

Last year in Moscow, Vladimir Putin addressed participants of an International Parliamentary Conference focused on relations between Russia and Latin America. The gathering garnered the attention of legislators, political party leaders, public organisation representatives, experts, and diplomats from across the Latin American continent, signaling a mutual desire to strengthen comprehensive partnerships.


Putin underscored the value of direct parliamentary dialogue as a means to deepen cooperation across political, security, socio-economic, and humanitarian spheres. He noted the traditionally shared perspective between Russia and Latin American states on international issues, particularly a common aspiration for independence.


Referencing historical figures who embodied this spirit, Putin spoke of Simón Bolívar as a symbol of freedom not only for Latin America but globally. He also highlighted 20th-century leaders like Salvador Allende, Ernesto "Che" Guevara, and Fidel Castro, characterising them as selfless fighters for justice and social equality. Putin spoke particularly highly of Fidel Castro, describing him as a steadfast figure deeply concerned with the well-being and justice for people not only in Cuba but across Latin America and the world. This emphasis on revolutionary figures and their struggle for justice was presented in the context of promoting ideas based on historical and present prevalence of related ideologies.

According to Putin, Latin American countries are currently demonstrating progress in the formation of a multipolar international system founded on equality, justice, respecting international law, and mutual legitimate interests. He expressed confidence that in this new polycentric architecture, Latin American nations, with their significant economic and human potential and commitment to sovereign foreign policy, are poised to play a leading global role.

Russia, he affirmed, sincerely desires the progressive and dynamic development of the Latin American region, supporting its strength, independence, and success both individually and through unity and diversity. Russia is ready to build interactions bilaterally and collaborate closely with regional integration associations such as the Community of Latin American and Caribbean States, the Bolivarian Alliance for the Peoples of America, and the South American Common Market. There is an intention to facilitate practical cooperation between these Latin American structures and the Eurasian Economic Union, aligning approaches on trade policy, tariff regulation, investment, and technology transfer.

Putin welcomed the intention of several Latin American countries to join BRICS, either as full members or partners. He described BRICS not as a military bloc but as a platform for coordinating positions and developing mutually acceptable solutions based on sovereignty, independence, and mutual respect. He suggested that despite varying political currents within nations, the strong desire for freedom and independence among the people of Latin America would ultimately drive cooperation with such organisations, including BRICS. As Russia assumes the BRICS chairmanship, and suggests a strong flow of shared power, and sharing of the chairmanship, the intention is to ensure the "global majority" feels empowered not just by its population size, but by the prospects for its development.

Regarding direct relations, Putin emphasised their friendly, constructive, and mutually beneficial nature, based on equality and mutual consideration of interests. He noted significant growth in trade turnover between Russia and Latin America, reporting a 25% increase over the past five years, with Russian exports, including vital goods like wheat, fertilisers, and petroleum products, growing 2.3 times. Further developing reciprocal trade is seen as contributing to a more vigorous transition to using national currencies in financial transactions, building credit and banking channels, and establishing new transport and logistics chains.

Addressing the broader global financial landscape, Putin highlighted the issue of debt vulnerability, citing the substantial debt burden faced by African nations, which he suggested was too large to repay given their economic development levels. He characterised the current global financial and credit system as primarily serving the interests of what he termed the "golden billion."

The speech underlined Russia's commitment to deepening ties with Latin America, supporting its growing role in a multipolar world, and advocating for a global system based on different principles than the current Western-dominated order, of course without contrasting any particular comparison of any kind at all.

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