LET’S TALK ABOUT CUBA(AND A LITTLE BIT ABOUT ARGENTINA)July 23, 2014
While Mr. Putin was enjoying soccer games with Mama Merkel in Brazil, and presumably doing nothing but chatting informally with her about the game and the score and what fun soccer really is, he also managed to find time to conclude a nuclear deal with BRICSA want-to-be Argentina,
As the article also indicates, Russia is showing an interest in developing Argentina's extensive shale oil fields as well:
"Argentina has one of the world's largest deposits of shale oil and gas, but only a few companies have made commitments to develop the fields as many fear the government's interventionist energy policies.
"Although a deal on the shale deposits was not announced Saturday, Fernandez said members of the Russian delegation traveling with Putin will visit Argentina's Vaca Muerta (Dead Cow) deposit in Neuquen province."
And let's recall, the BRICSA bank is being established precisely for the purpose of helping to develop infrastructure and equity in "developing economies". How convenient both for the BRICSA bloc and Argentina. Mr. Putin is playing his cards correctly here, neither moving too fast, which would provoke an inevitable American backlash, now too slowly. One area that Argentina is geopolitically ripe for exploitation by the BRICSA bloc is the growing Argentine reaction against GMOs and American dominance of Argentina's considerable agricultural industry. If the BRICSA bloc makes natural heirloom seeds cheaply available to Argentine farmers, the game will be afoot.
But Mr. Putin was also doing something about another Latin American country, one much closer to home, so to speak:
This, I suspect, is a significant move heralding more to come, and perhaps a heavy BRICSA commitment to develop that country, still incomprehensibly under economic sanctions from the American government, which, if it were smart, would lift those sanctions and try to begin mending some fences, including some economic ones. It may not block the advance of the BRICSA bloc, but it may at least blunt it.
See you on the flip side.