In the wake of mounting international sanctions following its invasion of Ukraine, Russia is actively seeking alternative markets and financial channels to circumvent sanctions, with Latin America and the Caribbean regions emerging as effective conduits.

Despite the steep decline in Europe’s dependence on Russian oil and gas, Central and Eastern Europe’s reliance on Moscow’s energy imports has undermined EU sanctions and strengthened Russia's economic and military power. In a similar way, Türkiye has become indispensable in the Kremlin’s strategy to circumvent sanctions and remain part of the global trade and financial supply chains.