December 14, 2004
Analysis: Moscow Looks At The World
by Victor Yasmann
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The turmoil surrounding the postelection events in Ukraine -- a campaign in which Moscow openly and unequivocally supported a pro-Russian candidate -- has overshadowed another foreign-policy drive on the Kremlin's part. Following the 20-21 November summit of Asia-Pacific Economic Cooperation (APEC) group members in Santiago, Chile, President Vladimir Putin arrived in Brazil on 21 November. It was the first time that a Russian head of state has ever visited that country, despite 225 years of bilateral diplomatic relations.
With a population of more than 180 million people and the world's eighth-largest economy, Brazil is Russia's second-biggest trading partner in the Western hemisphere. In 2002, Brazil, Russia, India, and China signed the so-called BRIC agreement. Apn.ru reported on 28 October that, according to Goldman Sachs, the BRIC economies hold the greatest potential for economic growth in the 21st century. Earlier in November, Putin visited Beijing, and at the beginning of this month he traveled to India, where he harshly criticized U.S. unilateralism. Analysts believe that Putin hopes that the BRIC group can someday form something of a counterweight on the international stage to the Group of Seven (G-7) leading industrialized countries.
During meetings with Brazilian President Luiz Inacio Lula da Silva, Putin discussed a range of bilateral trade issues, including energy cooperation, the provision of Russian nuclear-power technology, the aerospace sector, and military-technical cooperation. According to media reports, Russia is a leading contender for a $700 million contract to modernize the Brazilian Air Force.