Brazil offers to replace Russian energy and Ukrainian grain

Basil's economy minister said that industrial investments that used to be made in Asia "could now be shifted to Latin America," recalling that the West has a long history and very close ties with a region in which nations such as Spain and Portugal.

RIO DE JANEIRO, BRAZIL - Brazilian Economy Minister Paulo Guedes stressed that Brazil could be "the solution" to European needs for energy and agricultural products, thanks to its "security of supply" and regulations, at a time when "everyone is recalculating geopolitical risks" after the war in Ukraine.

In an interview with EFE on Wednesday, Guedes stressed that Brazil, in addition to its current and future utilities, must gain importance at a time when the different regions of the world are analyzing an "industrial relocation" to avoid the problems of logistics, transportation or shortages of products such as semiconductors.

The industrial investments . . .

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