Uruguay as a Trade Partner for Russia under Modern Geopolitical Terms in Foreign Markets
https://doi.org/10.21686/2410-7395-2026-2-94-110
Abstract
In modern geopolitical conditions, the Russian Federation needs to find new export opportunities in various regions of the world. Latin America could be of a certain interest in this context. The paper identifies challenges and prospects for trade relations between Russia and Uruguay. Based on statistical data from international organizations and expert interviews, it reveals stages in trade cooperation and systematizes key barriers to its development. The Russian-Uruguayan trade today is characterized by high volatility and a narrow export specialization. However, there is a potential for expansion in both traditional industries and new areas of cooperation. Financial and logistics barriers have a significant impact on relations between these countries, as do institutional challenges. Based on the results of the SWOT analysis conducted by the authors, a set of practical recommendations have been developed for government agencies and business representatives aimed at reducing transaction costs and diversifying exports. The role of state support at this stage of Russian-Uruguayan relations seems very important for fulfilling the strategic tasks of diversifying exports and strengthening cooperation.
About the Authors
A. G. Koval
Saint Petersburg State University
Russian Federation
Russian Federation
Alexandra G. Koval - PhD, Associate Professor of the Department of the World Economy
7-9 Universitetskaya emb., Saint Petersburg, 199034
G. I. Iagliamunova
Saint Petersburg State University
Russian Federation
Russian Federation
Gulnaz I. Iagliamunova - International Logistics Manager, V-Import LLC
office 28a/40n, 70A 5th linia V.O., Saint Petersburg, 199178
References
1. Andreev A. S. Otnosheniya Rossii i Urugvaya v XXI veke: predely i vozmozhnosti razvitiya [Relations of Russia and Uruguay in the 21st century: limits and possibilities of development]. Latinskaya Amerika [Latin America], 2019, No. 4, pp. 20–32. (In Russ.).
2. Vorotnikova T. A. Chto ishchet on v strane dalekoy? Faktory zainteresovannosti gosudarstv Latinskoy Ameriki v BRIKS [What Does It Seek in a Far Country? Factors of Latin American Countries’ Interest in BRICS]. Mirovaya ekonomika i mezhdunarodnye otnosheniya [World Economy and International Relations], 2025, Vol. 69, No. 4, pp. 83–96. (In Russ.).
3. Zuev V. N., Ostrovskaya E. Ya., Levina V. A. Potentsial sotrudnichestva mezhdu Rossiey i MERKOSUR v usloviyakh sanktsiy [The Potential for Cooperation between Russia and MERCOSUR in the Context of Sanctions]. Kontury globalnykh transformatsiy: politika, ekonomika, pravo [Outlines of Global Transformations: Politics, Economics, Law], 2024, Vol.17, No. 2, pp.168–188. (In Russ.).
4. Kuznetsova G. V. Rossiyskiy eksport v kontekste mirovykh trendov: tekushchee sostoyanie i perspektivy [Russian Export in the Context of Global Trends: Current Status and Prospects]. Mezhdunarodnaya torgovlya i torgovaya politika [International Trade and Trade Policy], 2026, Vol. 12, No. 1 (45), pp. 49–66. (In Russ.).
5. Sizonenko A. I. Rossiya – Urugvay: 150 let [Russia – Uruguay: 150 years]. Latinskaya Amerika [Latin America], 2007, No. 12., pp. 87–91. (In Russ.).
6. Chirkin S. A. Rossiya i MERKOSUR – estestvennye torgovo ekonomicheskie partnery v usloviyakh novogo mirokhozyaystvennogo poryadka [Russia and MERCOSUR are Natural Trade and Economic Partners in the New World Economic Order]. Innovatsii i Investitsii [Innovations and Investments], 2022, No. 5, pp. 30–35. (In Russ.).
7. Yakovlev P. P. Vzaimodeystvie Rossii s Latinoamerikanskimi stranami v usloviyakh geopoliticheskogo pereloma [Russia’s Interaction with Latin American Countries in the Context of a Geopolitical Fracture]. Aktualnye problemy Evropy [Current European Issues], 2022, No. 3 (115), pp. 227–253. (In Russ.).
8. Haluani M. Rusia en América Latina: variables, implicaciones y perspectivas de su presencia en el hemisferio occidental. Revista Politeia, 2013, No. 51 (36), pp. 83–124.
9. Koval A. G., Rouvinski V. Russia in Latin America: Beyond Economic Opportunities, edited by A. Ferrari, E. Tafuro Ambrosetti. Forward to the Past? New/Old Theatres of Russia’s International Projection. Milan, Ledizioni, 2020, pp. 108–129.
10. Moïsé E., Le Bris F. Trade Costs – What Have We Learned? A Synthesis Report. Paris, OECD Publishing, 2013. Available at: doi.org/10.1787/5k47x2hjfn48-en
11. North D. Institutions, Institutional Change and Economic Performance. Cambridge, Cambridge University Press, 1990.
12. Ryzhkova V. S., Koval A. G. The Role of Trade Costs in the Russian – Paraguayan Trade Relations. Latin American Journal of Trade Policy, 2018, No. 2, pp. 5–29.
Review
For citations:
Koval A.G., Iagliamunova G.I. Uruguay as a Trade Partner for Russia under Modern Geopolitical Terms in Foreign Markets. International Trade and Trade Policy. 2026;12(2):94-110. (In Russ.) https://doi.org/10.21686/2410-7395-2026-2-94-110
Views:
63
JATS XML
Email this article 
