July 26, 2022
1 min read

Bolsonaro rejects Russian sanctions to ensure fertiliser imports

The President defended the country’s decision to maintain trade ties with Russia to ensure food production…reports Asian Lite News

Brazilian President Jair Bolsonaro reiterated his opposition to economic sanctions against Russia, in order to retain the supply of Russian fertiliser imports to Brazilian agribusiness.

“We are not going to adhere to sanctions (against Russia). We maintain a balanced position because without Brazil’s balance on this issue today, we would not have fertilisers for our agribusiness,” Bolsonaro said on Monday during the Global Agribusiness Forum 2022 in the city of Sao Paulo.

The President defended the country’s decision to maintain trade ties with Russia to ensure food production, Xinhua news agency reported.

“Without fertilisers, our guarantee of food security and that of 1 billion people in the world would be threatened,” he added.

Bolsonaro also said that in December 2021 his government decided to expand the national fertiliser programme in search of alternatives to imports.

Brazil, Latin America’s largest economy, is the world’s leading soybean producer and the world’s leading exporter of animal protein.

Meanwhile, Bolsonaro has officially announced his intent to seek re-election and named Walter Souza Braga Netto, the former Minister of Defense, as his running mate for Vice President.

In his announcement on Sunday, Bolsonaro highlighted his role in improving the agricultural sector and the growth of infrastructure, with the building of highways and railways, reports Xinhua news agency.

According to the latest data released by Datafolha poll in June, former President Luiz Inacio Lula da Silva takes the lead with 47 per cent of the vote, followed by Bolsonaro with 28 per cent.

The left-wing Workers’ Party (PT) officially nominated Lula on July 21, while left-of-centre candidate Ciro Gomes, running in a distant third, was nominated by the Democratic Labor Party (PDT) the previous day.

As of August 16, candidates can officially start campaigning online and in public spaces until the day before the october 2 election.

In case no candidate wins 50 per cent of the valid votes, a run-off is scheduled for October 30.

ALSO READ: US condemns Russian attack on Odessa Port

Previous Story

US records over 14 million child Covid-19 cases

Next Story

Biden given honorary Korean name of ‘Bae Ji-sung’

Previous Story

US records over 14 million child Covid-19 cases

Next Story

Biden given honorary Korean name of ‘Bae Ji-sung’

Latest from USA

Trump Doubles Down On Hormuz Control Claim

US President Donald Trump has claimed the Strait of Hormuz “belongs” to the United States Navy, describing US maritime measures against Iran as a “wall of steel”….reports Asian Lite News Desk US

Rubio Says Free Trade Era May Be Over

US Secretary of State Marco Rubio says broad free trade agreements are unlikely to return soon, as Washington shifts towards reciprocal bilateral trade arrangements….reports Asian Lite News Desk US Secretary of State

Beyond tariffs, India courts American capital

India is courting US investors and companies for greater capital, manufacturing and technology partnerships as Washington and New Delhi continue difficult bilateral trade negotiations…reports Asian Lite News Desk India is stepping up

Asia Wants Alaska Gas

JD Vance says Alaska’s long-delayed gas pipeline will move ahead, citing Asian demand, despite South Korea warning that its investment remains under review….reports Asian Lite News Desk US Vice President JD Vance

Trump puts Canada talks on ice

President Trump says he is in no rush to restart US-Canada trade talks, accusing Ottawa of unfair treatment as tariff tensions continue…reports Asian Lite News Desk US President Donald Trump has said
Go toTop

Don't Miss

Russia says it’s not against negotiations

On possibility of ceasefire with Ukraine, Russian Foreign Minister stressed

Ukraine seeks clarity on US security guarantees

The details are being hammered out among national security advisers