Wednesday, May 31, 2023

Brazil, Russia to conclude diesel deals

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Brazil is in the process of concluding new deals with Russia for the purchase of diesel, business newspaper Valor Econômico has reported.

According to the report, Brazilian Foreign Minister Carlos França, said after a UN Security Council meeting in New York that his country want to buy as much diesel as it can from Russia.

“Russia is a strategic partner for Brazil. We are BRICS partners. We are also heavily dependent on fertiliser exports from Russia and Belarus.

“And, of course, Russia is a big supplier of oil and gas. You can ask Germany about it, you can ask Europe about it. So, in Brazil, we are short of diesel,’’ he said.

BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China and South Africa.

Brazilian President, Jair Bolsonaro, had said on Monday that the fuel would arrive in the country in two months.

“Russia continues to trade with the whole world,’’ Bolsonaro said, according to Brazilian news portal G1.

Bolsonaro visited Russia in February shortly before the invasion of Ukraine and met Russian President Vladimir Putin.

According to the Brazilian politician, the talks were to improve trade relations.

Brazil is one of the world’s leading agricultural producers.

In view of the presidential election in October, Bolsonaro is also keen on reducing fuel prices.


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