Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

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

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.

According to the minister, the timing is perfect for the country's accession to the OECD and for the trade agreement between Mercosur and the European Union to be signed, or else the country will increase exports to Asia and the Middle East.

(Reporting by Marcela Ayres; Editing by Chris Reese)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.