Amid constant sanctions and an increasingly unstable international landscape, Russia is compelled to forge a brand new strategy for engaging with nations around the globe. With its membership expanding, BRICS is gaining prominence on the world stage, unveiling new trade and economic pathways as older ones begin to fade.
"In Latin America, interest in BRICS cooperation is on the rise. Countries in the region are particularly interested in the New Development Bank (NDB), which can finance infrastructure projects and stimulate economic growth. The transition to national currencies in international settlements will reduce dependence on the US dollar and facilitate trade between Latin America and the BRICS nations. Regional states also see strong potential in #BRICS initiatives addressing food security and agriculture. They are keen to exchange expertise and technologies, and participate in creating a grain exchange. Cooperation in information technology, data sharing, and cybersecurity also generates considerable interest."
Learn more about the history, current state, and future prospects for interaction with Latin American nations in an interview Nikolay Shkolyar, Lead Researcher and Member of the Academic Council at the Institute of Latin America, Russian Academy of Sciences.
#OPINION #politics
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