Ukraine’s chargé d’affaires in Brazil, Anatoliy Tkach, demanded an “official expression of solidarity” of the Brazilian government with Kiev and the country’s condemnation of Russia’s “aggression” against its territory. “We are still waiting for the official expression of solidarity [from the Brazilian government] along with messages in favor of [the Russians] ceasing their aggression,” Mr. […]
President Jair Bolsonaro traveled to Moscow last week without believing an armed conflict would occur on Ukrainian territory, despite several warnings raised in the international community in the weeks leading up to the visit. At the Planalto Palace and the Foreign Affairs Ministry, known as Itamaraty, the feeling was that Russia would not go ahead […]
The war between Russia and Ukraine may put even more pressure on Brazilian inflation in the short time this year, experts say. In practice, the conflict, close to oil and grain-producing regions, will raise commodity prices and Brazil will be somewhat impacted. Analysts say oil giant Petrobras could raise gasoline and diesel prices and warn […]
It is impossible to talk about pros and cons in the face of a war. There are only “cons”, and for Brazilian agribusiness they are multiplying with the escalation of tensions between Russia and Ukraine. An immediate reflection of this escalation, grains prices soared on the international market. It is true that Brazil is a […]
Russia’s invasion of Ukraine may put strong pressure on the shares of airlines around the world. In Brazil, Gol and Azul were also impacted. The armed attack led to an increase in the price of oil and the real lost value against the dollar — about 55% of the costs of Brazilian airlines are dollarized […]
Russia’s invasion of Ukraine further exacerbates global inflationary pressure, but central banks are not all likely to respond in the same way. In Brazil, the most likely prescription is more interest to tackle rising prices, without much room to look at economic activity. Over the last few weeks, the foreign exchange rate had been having […]
The war between Russia and Ukraine may put even more pressure on Brazilian inflation in the short time this year, experts say. In practice, the conflict, close to oil and grain-producing regions, will raise commodity prices and Brazil will be somewhat impacted. Analysts say oil giant Petrobras could raise gasoline and diesel prices and warn […]
A Chinese company that arrived in Brazil in 2016 managed to become, in five years, the largest seller of photovoltaic panels for the solar power generation market in the country. Trina Solar imported to Brazil enough solar panels to generate about 1,500 megawatts at peak last year alone, according to data from consulting firm Greener. […]
Brazil gave a clear warning to India and several other developing countries this Wednesday at the World Trade Organization (WTO): there will be no blank check for granting agricultural subsidies at the expense of Brazilian exports. With this position, Brazil reacts to a double attempt to close agricultural markets in negotiations at the conference that […]
The European Union believes its proposal to ban the import of beef, soy, coffee and other products from deforestation and forest degradation will protect much of the Brazilian savanna, the biome called Cerrado, where 75% of the country’s agribusiness is located. In a meeting this week with agriculture ministers from the 27 EU member countries, […]