Expert: Uruguay could become for Russia an exit on the market of MERCOSUR

Alexander Kolesnichenko.

Uruguay can become a platform for Russian companies on the market Mercosur (uniting Argentina, Brazil, Uruguay, Paraguay and Venezuela), said Aify the head of the Center for economic research Institute of Latin America RAS Lyudmila Simonov.

What is MERCOSUR and what countries to include?

Many countries of the region in difficult economic conditions, looking for new opportunities for export and development of high-tech industries, reduce costs, improve efficiency. South America is counting on the agreement with the EU, China, and Russia.

“Opportunities of Russia in the region – participation in infrastructure projects, supply of equipment for hydroelectric power, joint projects in the field of high technologies, biotechnologies,” – said Simonov.

In turn, Uruguay’s exports to Russia food, primarily meat. The share of Latin America accounted for a third of all food purchased by Russia. Against the closure of the Russian market for European suppliers, the share of South American companies is growing, however, the absolute volumes of supply are reduced due to the Russian policy of import substitution.

We will remind, on Thursday the President of Russia Vladimir Putin met with his Uruguayan counterpart, tabaré vázquez. The sides discussed issues of cooperation, including the expansion of trade-economic and cultural-humanitarian ties.

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