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Mexico Declines to Impose Economic Sanctions on Russia

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Mexico will not impose any economic sanctions on Russia for invading Ukraine, Mexican President Andres Manuel Lopez Obrador said on Tuesday.

He also criticized what he called censorship of Russian state-sponsored media by social media companies.

“We are not going to take any sort of economic reprisal because we want to have good relations with all the governments in the world,” Lopez Obrador told a news conference.

Lopez Obrador’s position stands in contrast to the international sanctions imposed on Russia for President Vladimir Putin’s actions.

Russia has built strong links to various governments in Latin America, especially authoritarian administrations in Cuba, Venezuela and Nicaragua, but its ties with Mexico are seen to be limited due to the strong U.S.-Mexico relations.

The Mexican and U.S. economies are deeply intertwined. But leftist leader Lopez Obrador has at times had testy relations with the United States and has criticized U.S. foreign policy.

Lopez Obrador’s comments came in response to a question about the interest in Mexico of Russia’s second-largest oil producer Lukoil (LKOH.MM) and Russian airline Aeroflot (AFLT.MM).

Lukoil said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive to expand its global reach.

The Mexican president also criticized what he characterized as the censorship of Russian state media.

“I don’t agree with the fact that media from Russia or any country is censored,” Lopez Obrador said.

Alphabet Inc’s (GOOGL.O) Google barred Russia’s state-owned media outlet RT and other channels from receiving money for ads on their websites, apps and YouTube videos, similar to a move by Facebook after the invasion of Ukraine. (Reuters)

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Servicios Médicos Cubanos
INOR
Herbalife
Cubasol
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Agexport
Instituto Hondureño de Turismo
Intecap
Barceló Solymar
MuniGuate
MITM Events
Cervecería Centroamericana S.A.
MAD-HAV Enjoy Travel Group
Los Portales
AVA Resorts
Walmart
INTERFER
Nestle
Realidad Turística
blackanddecker
Grupo Hotelero Islazul