Nicaragua courts Russian investment

Laureano Ortega (center left) led the Nicaraguan delegation to Moscow, where they met with Russian counterparts led by deputy Foreign Minister Sergei Ryabkov (center right)

official press photo

Laureano Ortega (center left) led the Nicaraguan delegation to Moscow, where they met with Russian counterparts led by deputy Foreign Minister Sergei Ryabkov (center right)

(posted March 24, 8:20 am) — The Sandinista government’s efforts to rekindle relations with Russia took another step forward this week when a Nicaraguan delegation led by the president’s son traveled to Moscow to smile at Russian officials in an effort to attract aid and investment.

According to a government press release, presidential offspring Laureano Ortega, a former opera singer who now heads most of Nicaragua’s official trade and investment missions abroad, met this weekend with Russian counterparts led by deputy Foreign Minister Sergei Ryabkov, who co-chairs the Nicaragua-Russia Mixed Commission. The press release, which offered no specifics, says the commission discussed possible Russian investment in the areas of pharmacology, vehicle and air transportation, training in disaster preparedness, trade, and financing options for Russians who want to invest in Nicaragua.

The Moscow grip-and-grin comes amid escalating Western concerns over Russia’s takeover of Crimea and amid local concern over rumors about Russia’s motives for wanting to build a military base in Nicaragua.

  • http://Playaroca.com Davecardin

    Well I heard tonight that several billion dollars have been taken out of Russia today, why not part of it to Nicaragua? Now what Major “Power” wouldn’t want a base in Nicaragua? US I believe have nearly 200 around the world, and wouldn’t mind to have one here, but Honduras is close enough.

  • Pepe Turcon

    I can not take the statements from the Russian Defense Minister too seriously, because Russia is a financially bankrupt country that can ill afford a military expansion. “Despite Putin ‘s annexation of Crimea, and his obvious desire to rebuild the old Soviet empire – not with communist ideology , but a rampant” crony capitalism “- the fact is that Russia’s GDP in terms is less than the nominal state of California, and lower than Brazil . Russia wants to be superpower , but he has nothing . But Putin is a typical megalomaniac leader who is much more interested in getting his country powerful not prosperous citizens . Could try to establish some kind of military presence in their countries of Latin America to give friends an image of strength and to try to sell more weapons. ” I’m afraid that if that happens, Washington will try to reassemble his friends in neighboring countries, and see a new arms race between the U.S. and Russia in the region . Arms sellers in Washington and Moscow will get richer , and the poorer Latin American countries, poorer.