Latin America’s broad support for last week’s U.N. resolution calling for a cessation of hostilities in Ukraine and a withdrawal of Russian forces was a clear stand in favor of Ukraine’s sovereignty. But if the U.N. vote was cause for celebration, it was also a rare condemnation on regional leaders’ part of Russia’s actions.
Russia’s invasion of Ukraine combined with the geopolitical instability it caused made 2022 a great year to be an oil major. But while most oil producers across the globe reaped profits, Mexico’s state-owned oil company Pemex struggled financially and enters 2023 with questions about its long-term viability hanging over it.