RIO DE JANEIRO, BRAZIL - Faced with unprecedented economic sanctions against Russia, tightening regulations, and a major Covid lockdown in China, investors redirect their resources, and the Brazilian market is becoming attractive.
It takes one ship getting stuck in the Suez Canal, a significant corridor for container ships, and international logistics grind to a halt. It doesn't work that way for money transfers. Like a river, when something impedes the flow of capital in one part of the globe, it soon finds a new route to follow.
This happened with the outbreak of war in Ukraine. Many billions were diverted . . .