For years the United States has intervened in Latin America in a very unfriendly manner, to say the least. But now, that distrust planted in latin countries has left a wide open space to allow cooperation from other entities. China and Russia have their own list of gravenesses with the U.S. which have made them the most eager partners for Latin America, specially with those left leaning countries that been suffering constant plots from the U.S. In addition, this situation has let the way in of another major player of international politics, the BRICS — Brazil, Russia, India, China and South Africa, countries that account for 25% of global GDP and 40% of the world’s population.
The truth of the matter, is that Latin America is an emerging force in many fronts, and far away of limiting its alternatives just to the U.S, these countries are seeking to empower their economies with untraditional partners like China and Russia. However, is not farfetched to assume this partnership emerges with an important component of defiance against the U.S. hegemony. After the revelations of the NSA violations of privacy, many countries found the perfect excuse to depart from U.S. influence. Russia has stated NSA intrusion as major factor in partnering with China and now with Latin America. China on its side has rushed to develop hacker technology and has also modernized its army [RT Dec 22-2014].
Russia and China are taking important steps to trade with each other and with other countries in their own currencies, opposite to use the traditional dollar [RT Aug 8-2014]. Russia has the 5th biggest foreign exchange reserves and the 6th largest gold reserves on the world. In total, the assets amount to over $1.5T [RT Aug 15-2014]. In addition, after the debacle of the crisis in Ukraine, Russia agreed to provide gas to China since 2018, in the amount of 38B m³ each year. This accord is valued in $400B in 30 years, at a price of $350 per m³. In addition, now the BRICS have their Bank, which for many is a challenge to the U.S. Dominated World Bank & IMF. In addition Russia has produced more gold than the U.S. for the first time in 25 years. It’s now the world’s third biggest producer just after China and Australia. In the last five years 270 mineral deposits were found in Russia. In 2013 Russia increased gold production by 12.6% achieving 254,241 tons. China, the world’s major gold producer, increased its gold production by 6.2% to 428.16 tons a year [RT Jul 11-2014]. Take into account also China got rid of $47.8B of US Treasury bonds, about 3.6% of its Treasury holdings on 2013, bringing down its total holdings to $1.27T [Quartz Feb 19–2014].
Russian and Chinese delegates are working hard in developing strong relations with almost all Latin American organizations like UNASUR, MERCOSUR, ALBA, SICA AND CARICOM. Vladímir Putin made official visits since July 11th to Cuba, Nicaragua, Argentina and Brazil, to meet the BRICS in Fortaleza – Brazil. When Putin went to Cuba he also had a meeting with Fidel Castro. The Chinese president Xi Jinping made a similar political tour to Brazil, Argentina, Venezuela and Cuba. Although at the moment is not viable, there is a current pushing to integrate Argentina to the BRICS to become the BRICSA. And a very transcendental factor is the support that Brazil is receiving to become a permanent member of the Security Council of the United Nations.
The political dialog among China, Russia and Latin American has achieved compromises of cooperation in multiple fronts like military, judicial, technology, science, education, trade, economy, culture, energy and agriculture. These conversations and agreements are not limited just the governmental aspect but also in the private sector. Even more important there has been a very strong commitment for disarmament among these nations and pacts of no aggression. They also seek cooperation to try to solve global conflicts through their different organizations where they take part of. Another important aspect has been the agreements on matters of nuclear energy and security and judicial enforcement to fight crime.
Among the most transcendental accords achieved we have: Russia agreed to write off 90%, or almost $32B, of Cuba’s debt from the Soviet-era. The remaining 10%, around $3.5B, of Cuba’s debt will be paid a 10 year period transferring money to a special account to be used for projects in Cuba itself [Bloomberg Jul 11-2014]. China and Russia are implementing many project in Cuba to fight the immoral trade blockade imposed by the U.S. Russia and Argentina will enforce their trade that in the last ten years has rose by a factor of six, around $1.8M [TeleSur Jul 12-2014]. In addition Russia backs Argentina on their claim for the Malvinas Islands (Falkland Islands) and China fully backs Argentina on its struggle against the vulture funds. China has its biggest investment in Argentina in strategic projects for $6.8B. Russia and Brazil are fully committed to develop their commercial trade – on 2013 the bilateral trade was just 3.3%.
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China, Russia and Latin America: The Multi Polar Order Defying U.S. Hegemony
For years the United States has intervened in Latin America in a very unfriendly manner, to say the least. But now, that distrust planted in latin countries has left a wide open space to allow cooperation from other entities. China and Russia have their own list of gravenesses with the U.S. which have made them the most eager partners for Latin America, specially with those left leaning countries that been suffering constant plots from the U.S. In addition, this situation has let the way in of another major player of international politics, the BRICS — Brazil, Russia, India, China and South Africa, countries that account for 25% of global GDP and 40% of the world’s population.
The truth of the matter, is that Latin America is an emerging force in many fronts, and far away of limiting its alternatives just to the U.S, these countries are seeking to empower their economies with untraditional partners like China and Russia. However, is not farfetched to assume this partnership emerges with an important component of defiance against the U.S. hegemony. After the revelations of the NSA violations of privacy, many countries found the perfect excuse to depart from U.S. influence. Russia has stated NSA intrusion as major factor in partnering with China and now with Latin America. China on its side has rushed to develop hacker technology and has also modernized its army [RT Dec 22-2014].
Russia and China are taking important steps to trade with each other and with other countries in their own currencies, opposite to use the traditional dollar [RT Aug 8-2014]. Russia has the 5th biggest foreign exchange reserves and the 6th largest gold reserves on the world. In total, the assets amount to over $1.5T [RT Aug 15-2014]. In addition, after the debacle of the crisis in Ukraine, Russia agreed to provide gas to China since 2018, in the amount of 38B m³ each year. This accord is valued in $400B in 30 years, at a price of $350 per m³. In addition, now the BRICS have their Bank, which for many is a challenge to the U.S. Dominated World Bank & IMF. In addition Russia has produced more gold than the U.S. for the first time in 25 years. It’s now the world’s third biggest producer just after China and Australia. In the last five years 270 mineral deposits were found in Russia. In 2013 Russia increased gold production by 12.6% achieving 254,241 tons. China, the world’s major gold producer, increased its gold production by 6.2% to 428.16 tons a year [RT Jul 11-2014]. Take into account also China got rid of $47.8B of US Treasury bonds, about 3.6% of its Treasury holdings on 2013, bringing down its total holdings to $1.27T [Quartz Feb 19–2014].
Russian and Chinese delegates are working hard in developing strong relations with almost all Latin American organizations like UNASUR, MERCOSUR, ALBA, SICA AND CARICOM. Vladímir Putin made official visits since July 11th to Cuba, Nicaragua, Argentina and Brazil, to meet the BRICS in Fortaleza – Brazil. When Putin went to Cuba he also had a meeting with Fidel Castro. The Chinese president Xi Jinping made a similar political tour to Brazil, Argentina, Venezuela and Cuba. Although at the moment is not viable, there is a current pushing to integrate Argentina to the BRICS to become the BRICSA. And a very transcendental factor is the support that Brazil is receiving to become a permanent member of the Security Council of the United Nations.
The political dialog among China, Russia and Latin American has achieved compromises of cooperation in multiple fronts like military, judicial, technology, science, education, trade, economy, culture, energy and agriculture. These conversations and agreements are not limited just the governmental aspect but also in the private sector. Even more important there has been a very strong commitment for disarmament among these nations and pacts of no aggression. They also seek cooperation to try to solve global conflicts through their different organizations where they take part of. Another important aspect has been the agreements on matters of nuclear energy and security and judicial enforcement to fight crime.
Among the most transcendental accords achieved we have: Russia agreed to write off 90%, or almost $32B, of Cuba’s debt from the Soviet-era. The remaining 10%, around $3.5B, of Cuba’s debt will be paid a 10 year period transferring money to a special account to be used for projects in Cuba itself [Bloomberg Jul 11-2014]. China and Russia are implementing many project in Cuba to fight the immoral trade blockade imposed by the U.S. Russia and Argentina will enforce their trade that in the last ten years has rose by a factor of six, around $1.8M [TeleSur Jul 12-2014]. In addition Russia backs Argentina on their claim for the Malvinas Islands (Falkland Islands) and China fully backs Argentina on its struggle against the vulture funds. China has its biggest investment in Argentina in strategic projects for $6.8B. Russia and Brazil are fully committed to develop their commercial trade – on 2013 the bilateral trade was just 3.3%.