Abstract
ABSTRACT Based on the evidence of Russia’s activity in Latin America and Africa, the paper explores the country’s lending policies as part of the country’s economic statecraft. Russia joined the group of countries that provide loans to other governments only quite recently, using the flow of resources from oil sales. As a latecomer, Russia and its companies target states with markets unoccupied by Western competitors. Russia even supports regimes with low credibility and provides them with political and economic support. Because of this high-yield but also high-risk strategy, it faces problems and losses in countries such as Venezuela or Libya.
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