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Brazil's Guedes condemns war in Ukraine, but is against economic sanctions on Russia

Paulo Guedes Brazil Russia Ukraine Moscow

Brazil's Economy Minister Paulo Guedes speaks during the launching ceremony of the new securitization framework and strengthening of guarantees for Agro business in Brasilia, Brazil March 15, 2022.REUTERS/Adriano Machado/File Photo

Brazil's Economy Minister Paulo Guedes said on Tuesday the country clearly condemns Russia's invasion of Ukraine, but is against economic sanctions imposed on Moscow.

Speaking at an online event hosted by the think tank Center for Strategic and International Studies, Guedes said Brazil is a key energy and food security player.

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