IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.51▼ 0.03% USD/MXN18.61▼ 0.07% USD/CLP 975.74 — 0.00% USD/COP3,240▲ 0.03% USD/PEN3.44▼ 0.14% USD/ARS1,545▼ 0.03% USD/UYU40.31▲ 3.23% USD/PYG6,358▲ 6.40% USD/BOB11.81▲ 0.77% USD/DOP60.61▲ 4.08% USD/CRC448.27▲ 2.01% USD/GTQ7.64▲ 3.17% USD/HNL26.88▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.83▲ 2.67% USD/TTD6.72▲ 2.44% EUR/BRL6.14▼ 0.59% BRENT 97.60 ▼ 0.73% WTI 90.49 ▼ 0.37% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.68% GOLD 4,064 ▼ 0.26% SILVER 51.64 ▼ 0.31% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.51 ▼ 0.03% USD/MXN 18.62 ▼ 0.02% USD/CLP 975.74 — 0.00% USD/COP 3,240 ▲ 0.03% USD/PEN 3.44 ▼ 0.18% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.31 ▲ 3.23% USD/PYG 6,358 ▲ 6.40% USD/BOB 11.81 ▲ 0.77% USD/DOP 60.61 ▲ 4.08% USD/CRC 448.27 ▲ 2.01% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.88 ▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.83 ▲ 2.67% USD/TTD 6.72 ▲ 2.44% EUR/BRL 6.14 ▼ 0.60% BRENT 97.60 ▼ 0.73% WTI 90.49 ▼ 0.37% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.68% GOLD 4,064 ▼ 0.26% SILVER 51.64 ▼ 0.31% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00%
since 2009
Monday, November 9, 2026

Brazil Politics - Brazil

Brazil considers resumption of relations with Venezuela

By · · 3 min read
Brazil considers resumption of relations with Venezuela

RIO DE JANEIRO, BRAZIL – Brazilian Foreign Minister Carlos Franca has raised the possibility of re-establishing diplomatic relations with Venezuela.

“At a time when the United States is considering an exemption from the embargo on Venezuelan oil exports, we should reassess the issue of diplomatic relations,” he said at a Senate hearing.

The public approach represents a shift in foreign policy for Brazil, whose government has severed diplomatic ties since Jair Bolsonaro took office in January 2019.

Free daily brief — no card needed
Get every Brazil story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

Venezuela-Brasil-Mapa

Franca acknowledged increasing calls from both allies and the opposition to restore bilateral relations. “It’s a question we think about every day,” he said.

He stressed that “if at some point a rapprochement with Venezuela is possible, we can begin the resumption of consular relations.”

From the border state of Roraima (northern Brazil), Senator Chico Rodrigues affirmed that the Brazilian government is already considering reopening a consulate for the nearly 25,000 Brazilians living in Venezuela.

ARGENTINA TOO, WANTS TO REESTABLISH FULL RELATIONS WITH VENEZUELA

Argentina’s President Alberto Fernandez announced that he proposes restoring full diplomatic relations with Venezuela and asked other Latin American countries to act similarly at a press conference held on April 18 with his Ecuadorian counterpart, Guillermo Lasso.

“As a first step, Argentina wants to recover its full diplomatic ties. It is a step we are taking, and I call on all Latin American countries to review it because Venezuela has gone through a difficult period,” Fernández said.

Argentina had joined in 2017, during the government of liberal Mauricio Macri, the Lima Group, which sought a way out of the crisis in Venezuela and subsequently recognized opposition leader Juan Guaidó as president in charge of that country.

Carlos Franca.
Carlos Franca.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

RECENT HISTORY OF BRAZIL-VENEZUELA RELATIONS

In 2001, Venezuela and Brazil opened a high-voltage power line between the two countries to supply electricity from Venezuela to energy-starved northern Brazil. The line provides cheap hydroelectric power to Brazil and earns Venezuela tens of millions of dollars every year.

In 2007, Brazil and Venezuela pledged closer trade and energy ties, including building a new oil refinery in Brazil. The US$4.5 billion refinery scheme to be completed in 2010 will be 40%-owned by Venezuela’s state oil firm PDVSA, while Brazil’s national oil firm Petrobras will hold the rest.

Venezuela purchased 1,500 tonnes of coffee beans from Brazil on 10 August 2009 after falling out with Colombia over its decision to allow an increased United States presence in its military bases.

On 18 June 2015, a mission of Brazilian senators led by Sen. Aécio Neves (composed mainly of opposition legislative to Pres. Dilma Rousseff) flew to Caracas with interest in visiting Venezuelan prisoner Leopoldo López and the families of victims of the protests against President Nicolás Maduro.

About a kilometer away from the Simón Bolívar International Airport, the senators’ vehicle was prevented from continuing the trip after being stopped and surrounded by government protesters. Finally, the Brazilian senators decided to return to Brazil on the same day.

The legislative houses Câmara dos Deputados and Senado Federal of Brazil issued motions of rejection to such events. The Ministry of Foreign Affairs of Brazil issued an Official Note expressing his annoyance with the “unacceptable hostile acts” that occurred that day and asking for official explanations from the Government of Venezuela.

Since the Brazilian government of President Jair Bolsonaro in 2019, Brazil has cut off its relations with the current Venezuelan government of President Nicolás Maduro. Brazil downgraded its diplomatic ties with the ruling Venezuelan government.

In the Venezuelan presidential crisis, Brazil recognized Venezuelan opposition leader Juan Guaidó as the legitimate President of Venezuela. In April 2020, Brazil closed its embassy in Venezuela.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.