By Nick Cunningham
Russian President Vladimir Putin, seeking to build alliances to counter Western influence, signed several energy deals in Latin America this past week.
The first stop on Putin’s six-day tour was Havana on July 11, where he met with Cuban President Raul Castro. The two sides reached an agreement that could see Russia exploring for oil in Caribbean waters, which would build up Cuba’s offshore oil industry. Putin also decided to wipe away 90 percent of the $32 billion worth of debt Cuba owes Russia, most of it dating back to the Soviet era.
The agreement was no doubt motivated by Putin’s desire to push back against what he views as U.S. meddling in Ukraine. Exploring for oil only a few dozen miles from the U.S. coast is a finger in Uncle Sam’s eye. “We will provide support to our Cuban friends to overcome the illegal blockade of Cuba,” Putin said on July ... Read More