Though Putin’s actions in Cuba were most significant to the change in American policy, his dealings in other Latin Countries were quite bold as well. On his visit to Argentina, Putin executed an agreement with the nation’s president Cristina Fernandez to construct two nuclear power plants in the face of that country’s frigid relations with the United States as a result of American hedge fund managers demanding Argentina satisfy all of its debt. Furthermore, in Brazil, Putin executed a memorandum of understanding to commence development of nuclear power plants as well as a spent fuel storage facility. What is most humiliating for the United States in all this is that these agreements are being executed at a time in which America has been trying to force international co-operation to isolate Russia resulting from the political crisis in the Ukraine. Putin’s actions in Cuba, combined with other Latin countries, illustrates that not only is Russia far from isolated, it is planting its geopolitical footprint directly in America’s back yard. As the The UK Guardian article above states:
“During Putin’s Latin American tour, he also signed agreements to establish positioning stations in Argentina, Brazil and Cuba for Glonass, Russia’s answer to the United States’ global positioning system (GPS). He also made a surprise stop to discuss placing a Glonass station in Nicaragua, where president Daniel Ortega called Putin’s first visit to the country a ‘ray of light.’ ‘The goal of Putin’s visit to Cuba, Nicaragua and Argentina was to strengthen geopolitical connections with Latin America in response to the United States’ attempts to isolate Russia,’ Alexei Pushkov, the chairman of the foreign affairs committee in Russia’s parliament, tweeted after the trip.”
Yet that alone is not the degree to which the Russians are making a strategic pivot to Latin and South America. At the BRICS summit the member nations of Brazil, Russia, India, China and South Africa agreed to dedicate over 100 billion dollars to start a Central Bank among the nations with 100 billion in reserves as well. The ultimate goal of this Central Bank is to deleverage the BRICS nations from the U.S. dollar as the world’s reserve currency. This could pose a great threat to America’s position in the world.
Compounded with Russia’s geopolitical pivot, China has now strongly entered the Latin nations with its plan to build a canal through Nicaragua to rival the Panama Canal. This move would also greatly challenge American hegemony in the region.