Berliner Boersenzeitung - 'Terrible timing': Brazil's Bolsonaro to visit Russia

EUR -
AED 4.232438
AFN 81.7399
ALL 97.895927
AMD 444.690649
ANG 2.06248
AOA 1056.812299
ARS 1342.051944
AUD 1.776305
AWG 2.07444
AZN 1.963769
BAM 1.955319
BBD 2.326228
BDT 140.905351
BGN 1.956255
BHD 0.434593
BIF 3431.056288
BMD 1.152467
BND 1.480136
BOB 7.961042
BRL 6.353668
BSD 1.152117
BTN 99.741473
BWP 15.528182
BYN 3.770473
BYR 22588.345428
BZD 2.314331
CAD 1.581934
CDF 3315.646835
CHF 0.942631
CLF 0.028263
CLP 1084.563727
CNY 8.284511
CNH 8.272986
COP 4705.142985
CRC 581.656968
CUC 1.152467
CUP 30.540365
CVE 110.237892
CZK 24.820447
DJF 205.169548
DKK 7.460613
DOP 68.323199
DZD 150.345929
EGP 58.324658
ERN 17.286999
ETB 158.433541
FJD 2.603941
FKP 0.85594
GBP 0.85647
GEL 3.135159
GGP 0.85594
GHS 11.867082
GIP 0.85594
GMD 82.4058
GNF 9982.545249
GTQ 8.854823
GYD 241.040727
HKD 9.046696
HNL 30.090601
HRK 7.536214
HTG 151.212816
HUF 402.706852
IDR 18944.591768
ILS 4.02004
IMP 0.85594
INR 99.807354
IQD 1509.328849
IRR 48547.656077
ISK 143.033075
JEP 0.85594
JMD 183.664836
JOD 0.817144
JPY 168.352902
KES 148.913382
KGS 100.783647
KHR 4617.864447
KMF 492.683845
KPW 1037.226262
KRW 1582.533008
KWD 0.35307
KYD 0.960164
KZT 602.06195
LAK 24856.887583
LBP 103230.815094
LKR 346.214864
LRD 230.423338
LSL 20.801885
LTL 3.402935
LVL 0.697116
LYD 6.280456
MAD 10.515714
MDL 19.811128
MGA 5148.733904
MKD 61.519872
MMK 2419.50369
MNT 4130.366588
MOP 9.315509
MRU 45.542801
MUR 52.575963
MVR 17.753793
MWK 1997.80873
MXN 22.112036
MYR 4.900869
MZN 73.712199
NAD 20.801885
NGN 1786.450441
NIO 42.399574
NOK 11.650198
NPR 159.586757
NZD 1.931967
OMR 0.443128
PAB 1.152117
PEN 4.137283
PGK 4.816816
PHP 65.888865
PKR 326.91661
PLN 4.268679
PYG 9195.738728
QAR 4.202067
RON 5.030175
RSD 117.20118
RUB 90.368278
RWF 1663.690891
SAR 4.323762
SBD 9.612065
SCR 16.999311
SDG 692.060432
SEK 11.146611
SGD 1.482116
SHP 0.905658
SLE 25.873303
SLL 24166.652664
SOS 658.438087
SRD 44.773754
STD 23853.731871
SVC 10.081521
SYP 14984.415101
SZL 20.797886
THB 37.818235
TJS 11.377302
TMT 4.033633
TND 3.410561
TOP 2.699196
TRY 45.723145
TTD 7.830075
TWD 34.101261
TZS 3058.947791
UAH 48.287326
UGX 4152.978764
USD 1.152467
UYU 47.108416
UZS 14469.441901
VES 118.193176
VND 30112.223648
VUV 138.533142
WST 3.179258
XAF 655.795737
XAG 0.03201
XAU 0.000342
XCD 3.114599
XDR 0.815599
XOF 655.795737
XPF 119.331742
YER 279.707783
ZAR 20.740485
ZMK 10373.586524
ZMW 26.643448
ZWL 371.093776
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

'Terrible timing': Brazil's Bolsonaro to visit Russia
'Terrible timing': Brazil's Bolsonaro to visit Russia

'Terrible timing': Brazil's Bolsonaro to visit Russia

Ignoring US concerns, Brazilian President Jair Bolsonaro is due to arrive in Russia Tuesday for an official visit with highly awkward diplomatic timing, amid the tense standoff between Moscow and the West over Ukraine.

Text size:

Brushing off pressure from traditional ally the United States and within his own cabinet, Bolsonaro decided to go ahead with meeting Russian counterpart Vladimir Putin, a visit he says is about building trade relations.

The far-right leader known as the "Tropical Trump" has dismissed fears that Putin could try to use the trip to claim support on Ukraine from Latin America's biggest country, a non-permanent member of the UN Security Council.

But their meeting, scheduled for Wednesday, could become a diplomatic minefield for Bolsonaro if the subject veers away from bilateral ties.

"The timing is terrible," said Guilherme Casaroes, a political analyst at the Getulio Vargas Foundation in Brazil.

"We don't know what's going happen. Things are going to be more and more intense at the (Russia-Ukraine) border," he told AFP.

Russia made the invitation in late November, when tension over Ukraine was already building.

Bolsonaro accepted, deciding to combine it with a visit to fellow far-right leader Viktor Orban in Hungary, where he will travel Thursday.

Since then, the Ukraine standoff has only grown worse, with the risk of war in Europe looking all too real.

"The US exerted a lot of pressure on Brasilia to call off" the trip, said Felipe Loureiro, professor of international relations at the University of Sao Paulo.

But canceling now would send the signal that "Brazil is a puppet of the US," and Putin "would get really pissed off," he said.

Bolsonaro insisted again in a radio interview Saturday that he would go ahead with the visit, despite the prospect of war breaking out soon.

"We ask God that peace reign in the world, for the good of all of us," Bolsonaro said.

- Domestic spotlight, world stage -

Bolsonaro's main reasons for making the trip appear to be domestic, said Casaroes.

The Brazilian leader's approval rating is at an all-time low as he gears up to seek re-election in October, trailing badly in the polls to leftist ex-president Luiz Inacio Lula da Silva.

"Bolsonaro has practically nothing to show after three years (in office). Going to Russia right now is a sign of grandeur," said Casaroes.

"He has antagonized the US, China, Europe. The only foreign power he could visit was Russia."

The trip plays to Bolsonaro's hardline base on the far right and Brazil's powerful agribusiness lobby, he added.

Analysts say Bolsonaro may also be keen to cultivate ties with Putin for his own imminent battle, October's elections.

Bolsonaro has hinted he will not leave the presidency without a fight, saying his reelection bid can only have three outcomes: "prison, death or victory."

The trip "is completely related to Bolsonaro's desire to disrupt the Brazilian election. We know Russia is very keen on cyber-attacks and disinformation," said Loureiro.

Officially, the talks will focus on Russian investments in hydrocarbons and infrastructure in Brazil, as well as trade.

Though both countries are in the BRICS group of emerging powers (Brazil, Russia, India, China and South Africa), their trade ties are relatively tiny.

Brazil imports mainly fertilizer from Russia, and sells it beef, poultry, soy and coffee -- though exports to the country represent just 0.74 percent of the Brazilian total.

- US watching -

Bolsonaro cultivated close ties with the United States under former president Donald Trump, his political role model.

The US even declared Brazil a "major non-NATO ally" in 2019.

But relations have grown chillier under Joe Biden, who has taken Bolsonaro to task over surging deforestation in the Amazon rainforest.

Meanwhile, Bolsonaro has expressed admiration for "strong man" Putin.

Communication channels between the Bolsonaro and Biden administrations are at a standstill, said Casaroes.

But Bolsonaro could pay a price if he antagonizes Brazil's traditional allies during the trip.

"Bolsonaro is unpredictable. If he says something that somehow supports Russia, it would create a lot of problems for Brazil with Europe and especially the US," said Loureiro.

The US urged Bolsonaro to tread carefully in Moscow.

"As democratic countries... we have a responsibility to stand up for democratic principles and for the rules-based order," said US State Department spokesman Ned Price.

He added Washington was "confident that there will be discussions, both before and after the trip, with our Brazilian partners."

(B.Hartmann--BBZ)