Contemporary global geopolitical and economic challenges are creating new issues for governments to address. Russia and the countries of Latin America, which have embarked on efforts to modernize and diversify their national economies, are expanding cooperation at a rapid rate. Numerous joint projects successfully underway in the fields of energy, industry, transport infrastructure, and agriculture offer examples of economic complementarity. Which areas will be the new sources of growth in relations between Russia and Latin America? Could long-term projects create the conditions necessary to improve the stability of trade and economic links against a background of negative external factors and volatility on global markets? What solutions will need to be adopted to harness the potential of cooperation and secure a balance of interests?