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.
--IANS
int/khz/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app