Russia is in the middle of a concerted effort to strengthen ties wth Latin American countries, particularly Venezuela and its close allies in the “Bolivarian revolution”. It seems as though Russia has been waiting to present one of the most visible challenges in years to American influence in the region.However, it may not be the best time to do so.
Only a few months ago, with oil prices high, Russia was flush with cash and planning a variety of measures, including helping Venezuela build a nuclear reactor and strengthening military ties with Cuba, a former cold war ally of the Soviets.
But here is where we sit now:
1.Oil prices have plunged and the soaring revenues are gone
2.Latin Americans are much less wary of President-Elect Barack Obama than they have been of George Bush for the last 8 years. Obama has raised hopes throughout Latin America of a new era of improved relations with the United States.
What is interesting here is that Obama is going to be sworn in as president at a time in which democracy has suffered some serious setbacks in some Latin American countries and at a time in which Russia is, once again, trying to be a balancing power in the region and is courting increased partnerships with countries like Venezuela, Nicaragua and to some extent, Brazil (among others). Obama’s approach towards Latin America needs to be strategic and should forge further economic ties with the folks in the south, while always keeping the promotion of the essential elements of democracy in mind (something already agreed to in the OAS charter).
Two Russian long-range strategic nuclear bombers landed in Venezuela’s capital, Caracas, for the first time in September. Mr Chavez described their visit as a “warning” to the United States.
Igor Dygalo, the Russian Navy spokesman, said that the joint manoeuvres would begin on December 1. The Peter the Great carries 20 nuclear cruise missiles and up to 500 surface-to-air missiles.
Latin America was the focus of intense ideological competition between the United States and the Soviet Union during the Cold War. Venezuela has signed deals to buy Russian arms worth more than $4 billion since 2005.
Something to think about my friends.

