Weekly Report - 03 March 2022 (WR-22-09)

Russia’s invasion: evaluating the fallout for Latin America

Russia’s invasion of Ukraine is a watershed moment in modern history. Just as with the coronavirus (Covid-19) pandemic, its impact will be felt around the world. Latin America is no exception. Since Russia’s troops crossed into Ukraine on 24 February, after their long encirclement of the country, the main focus in the region has been on the reaction of individual Latin American countries, the vast majority of which condemned the invasion, with the exception of authoritarian, nominally left-wing, governments, and some confused responses, most notably from Brazil. Some have tentatively begun to measure the geopolitical ramifications and economic repercussions. These will depend on the duration of the war and the sanctions levied on Russia, but no country will emerge unscathed and some, especially in Central America and the Caribbean, will be hit harder than others.

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