IBOV 171,474 ▲ 0.65% IPSA 10,902 ▲ 0.12% IPC MEX 66,925 ▼ 0.30% MERVAL 3,233,642 ▼ 1.34% COLCAP 2,348.54 ▼ 1.87% BVL PERÚ 57,045.35 ▼ 0.46% USD/BRL5.19▲ 0.87% USD/MXN17.58▲ 1.13% USD/CLP913.90▲ 0.81% USD/COP3,414▼ 0.89% USD/PEN3.40▲ 0.55% USD/ARS1,471▲ 0.62% USD/UYU39.91▲ 1.23% USD/PYG6,064▲ 0.60% USD/BOB6.86▲ 1.93% USD/DOP58.11▲ 0.62% USD/CRC452.10▲ 2.42% USD/GTQ7.62▲ 2.31% USD/HNL26.68▲ 1.40% USD/NIO36.62▲ 0.72% USD/VES616.09▲ 5.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.69▲ 0.16% USD/TTD6.69▲ 0.58% EUR/BRL5.90▲ 0.11% BRENT 77.19 ▼ 0.91% WTI 73.26 ▼ 2.09% IRON ORE 161.91 — — COPPER 6.15 ▼ 3.32% GOLD 4,145 ▼ 0.88% SILVER 61.87 ▼ 5.58% SOY 1,141 ▲ 2.26% CORN 437.50 ▲ 6.32% WHEAT 597.25 ▼ 0.04% COFFEE 275.75 ▼ 0.45% SUGAR 13.93 ▲ 4.34% ORANGE JUICE 151.45 ▼ 2.04% COTTON 78.50 ▲ 4.37% COCOA 4,661 ▲ 3.01% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.58 ▼ 4.83% PETR4 39.53 ▲ 0.92% VALE3 79.74 ▼ 1.45% ITUB4 41.20 ▲ 0.64% BBDC4 17.89 ▲ 1.19% ABEV3 16.32 ▲ 0.93% BBAS3 19.80 ▲ 1.12% B3SA3 14.83 ▲ 0.88% WEGE3 46.05 ▲ 1.77% PRIO3 56.28 ▼ 0.71% SUZB3 41.46 ▼ 1.38% RENT3 41.55 ▲ 1.79% AZZA3 19.03 ▼ 1.91% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.10 ▲ 2.94% GMAT3 3.83 ▲ 1.06% PSSA3 52.40 ▼ 0.62% CVCB3 1.32 ▲ 4.76% POSI3 3.85 ▼ 1.28% SLCE3 13.54 ▲ 0.89% NATU3 7.75 ▲ 1.04% BRKM5 7.74 ▲ 4.17% RANI3 7.62 ▼ 0.78% CSNA3 5.31 ▼ 0.56% CMIN3 4.34 ▲ 0.93% USIM5 8.81 ▼ 3.29% GGBR4 21.68 ▼ 1.00% ENEV3 25.14 ▲ 2.07% NEOE3 33.80 — 0.00% CPFE3 44.28 ▼ 0.20% CMIG4 11.05 ▲ 1.01% EQTL3 37.91 ▲ 0.69% LREN3 14.46 ▲ 0.49% VIVT3 34.34 ▲ 2.39% RAIL3 12.71 ▲ 1.92% KLABIN 16.69 ▼ 1.42% RAIA DROGASIL 16.77 ▼ 0.12% RDOR3 34.37 ▲ 1.60% HAPV3 10.27 ▼ 3.20% FLRY3 15.10 ▲ 0.87% SMTO3 14.87 ▲ 1.85% UGPA3 25.43 ▲ 0.83% VBBR3 29.44 ▲ 1.75% BBSE3 38.50 ▼ 0.34% BPAC11 52.87 ▲ 1.26% CURY3 34.59 ▲ 2.13% AERI3 2.16 — 0.00% VIVARA 21.72 ▲ 3.87% COMPASS 24.20 ▼ 1.10% VAMOS 2.80 ▲ 1.82% SANB11 26.75 ▼ 0.74% ASAI3 8.03 ▲ 4.29% SBSP3 28.24 ▲ 1.18% WALMEX 50.65 ▲ 0.16% GMEXICO 207.04 ▼ 1.42% FEMSA 222.66 ▲ 2.41% CEMEX 21.38 ▼ 1.75% GFNORTE 186.99 ▼ 0.47% BIMBO 56.38 ▲ 0.28% TELEVISA 9.53 ▲ 0.32% AMX 22.66 — 0.00% GAP 425.37 ▼ 1.49% ASUR 292.96 ▼ 2.42% OMA 234.64 ▼ 1.18% KOF 188.00 ▲ 1.63% GRUMA 282.18 ▼ 0.57% KIMBER 37.26 ▼ 0.59% SQM-B 70,484 ▼ 0.94% COPEC 5,940 ▼ 0.66% BSANTANDER 73.30 ▼ 2.18% FALABELLA 5,822 ▼ 1.31% ENELAM 82.93 ▼ 0.56% CENCOSUD 2,167 ▲ 0.32% CMPC 1,045 ▼ 0.29% BANCO CHILE 179.00 ▼ 1.65% LATAM AIR 25.63 ▲ 1.02% YPF 74,700 ▼ 1.06% GGAL 7,965 ▼ 2.45% PAMPA 5,115 ▼ 1.06% TXAR 658.00 ▼ 0.68% ALUAR 1,018 ▲ 1.19% TGS 9,485 ▼ 1.86% CEPU 2,346 ▼ 1.35% MIRGOR 16,525 ▲ 0.76% COME 44.38 ▼ 0.49% LOMA NEGRA 3,670 ▲ 1.17% BYMA 315.75 ▼ 0.55% TELECOM ARG 4,025 ▼ 0.80% ECOPETROL 15.74 ▼ 3.14% BANCOLOMBIA 80.62 ▼ 0.81% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 373.37 ▼ 1.89% SOUTHERN COPPER 181.00 ▼ 4.69% BUENAVENTURA 31.43 ▼ 3.04% MERCADOLIBRE 1,596 ▲ 0.44% NUBANK 12.59 ▼ 1.60% XP 15.70 ▼ 1.80% PAGSEGURO 8.73 ▼ 0.96% STONE 10.72 ▼ 0.23% GLOBANT 29.05 ▼ 3.09% TECNOGLASS 45.80 ▼ 0.80% GAP AIRPORT 241.67 ▼ 2.91% ASUR 292.96 ▼ 2.42% OMA AIRPORT 106.94 ▼ 2.49% AMX ADR 25.73 ▼ 1.34% CEMEX ADR 12.18 ▼ 3.22% PETROBRAS ADR 17.04 ▲ 0.18% VALE ADR 15.34 ▼ 2.36% ITAU ADR 7.93 ▼ 0.06% SANTANDER BR 5.23 ▼ 1.51% AMBEV ADR 3.13 ▼ 0.48% CSN 1.03 ▼ 1.90% GERDAU 4.19 ▼ 1.53% LATAM ADR 56.17 ▲ 0.79% BTC 62,282 ▼ 2.61% ETH 1,656 ▼ 4.09% SOL 68.81 ▼ 4.31% XRP 1.10 ▼ 2.81% BNB 573.20 ▼ 2.83% ADA 0.15 ▼ 5.25% DOGE 0.08 ▼ 4.58% AVAX 6.29 ▲ 0.92% LINK 7.58 ▼ 3.65% DOT 0.90 ▼ 4.06% LTC 42.06 ▼ 5.57% BCH 189.95 ▼ 3.71% TRX 0.33 ▼ 1.22% XLM 0.19 ▼ 4.62% HBAR 0.08 ▼ 1.84% NEAR 1.97 ▼ 4.59% ATOM 1.72 ▼ 3.95% AAVE 71.71 ▼ 4.44% SELIC 14.25% EMBRAER 78.41 ▲ 0.09% EMBRAER ADR 60.50 ▼ 0.75% JBS 12.10 ▲ 1.47% JBS BDR 62.60 ▲ 1.13% MBRF3 16.20 ▲ 5.95% MBRFY 3.08 ▲ 5.12% INTER 5.28 ▼ 2.04% FEMSA ADR 126.91 ▲ 1.39% EGX 51,770 ▼ 1.55% USD/ZAR16.55▲ 0.88% USD/NGN 1,366 — 0.00% NIKKEI 69,788 ▼ 3.55% CSI300 4,919 ▼ 2.77% HSI 23,336 ▼ 1.82% NIFTY 23,824 ▼ 1.16% KOSPI 8,204 ▼ 9.99% JCI 6,101 ▼ 0.25% USD/JPY161.57▲ 0.01% USD/CNY6.79▲ 0.22% DAX 24,894 ▼ 0.98% CAC 8,341 ▼ 0.71% FTSE 10,429 ▼ 0.09% MIB 52,024 ▼ 1.56% IBEX 19,477 ▼ 0.34% STOXX 634.63 ▼ 0.73% EUR/USD1.14▼ 0.40% GBP/USD1.32▼ 0.15% SPX 7,386 ▼ 1.16% DJI 51,777 ▲ 0.12% NDX 29,430 ▼ 3.02% RUT 2,990 ▲ 0.34% TSX 34,966 ▼ 0.10% VIX 18.74 ▲ 14.27% USD/CAD1.42▲ 0.35% US10Y 4.4910 ▼ 0.40% IBOV 171,474 ▲ 0.65% IPSA 10,902 ▲ 0.12% IPC MEX 66,925 ▼ 0.30% MERVAL 3,233,642 ▼ 1.34% COLCAP 2,348.54 ▼ 1.87% BVL PERÚ 57,045.35 ▼ 0.46% USD/BRL 5.19 ▲ 0.87% USD/MXN 17.58 ▲ 1.13% USD/CLP 913.90 ▲ 0.81% USD/COP 3,414 ▼ 0.89% USD/PEN 3.40 ▲ 0.54% USD/ARS 1,471 ▲ 0.62% USD/UYU 39.91 ▲ 1.23% USD/PYG 6,064 ▲ 0.60% USD/BOB 6.86 ▲ 1.93% USD/DOP 58.11 ▲ 0.62% USD/CRC 452.10 ▲ 2.42% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.68 ▲ 1.40% USD/NIO 36.62 ▲ 0.72% USD/VES 616.09 ▲ 5.02% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.69 ▲ 0.16% USD/TTD 6.69 ▲ 0.58% EUR/BRL 5.90 ▲ 0.10% BRENT 77.19 ▼ 0.91% WTI 73.26 ▼ 2.09% IRON ORE 161.91 — — COPPER 6.15 ▼ 3.32% GOLD 4,145 ▼ 0.88% SILVER 61.87 ▼ 5.58% SOY 1,141 ▲ 2.26% CORN 437.50 ▲ 6.32% WHEAT 597.25 ▼ 0.04% COFFEE 275.75 ▼ 0.45% SUGAR 13.93 ▲ 4.34% ORANGE JUICE 151.45 ▼ 2.04% COTTON 78.50 ▲ 4.37% COCOA 4,661 ▲ 3.01% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.58 ▼ 4.83% PETR4 39.53 ▲ 0.92% VALE3 79.74 ▼ 1.45% ITUB4 41.20 ▲ 0.64% BBDC4 17.89 ▲ 1.19% ABEV3 16.32 ▲ 0.93% BBAS3 19.80 ▲ 1.12% B3SA3 14.83 ▲ 0.88% WEGE3 46.05 ▲ 1.77% PRIO3 56.28 ▼ 0.71% SUZB3 41.46 ▼ 1.38% RENT3 41.55 ▲ 1.79% AZZA3 19.03 ▼ 1.91% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.10 ▲ 2.94% GMAT3 3.83 ▲ 1.06% PSSA3 52.40 ▼ 0.62% CVCB3 1.32 ▲ 4.76% POSI3 3.85 ▼ 1.28% SLCE3 13.54 ▲ 0.89% NATU3 7.75 ▲ 1.04% BRKM5 7.74 ▲ 4.17% RANI3 7.62 ▼ 0.78% CSNA3 5.31 ▼ 0.56% CMIN3 4.34 ▲ 0.93% USIM5 8.81 ▼ 3.29% GGBR4 21.68 ▼ 1.00% ENEV3 25.14 ▲ 2.07% NEOE3 33.80 — 0.00% CPFE3 44.28 ▼ 0.20% CMIG4 11.05 ▲ 1.01% EQTL3 37.91 ▲ 0.69% LREN3 14.46 ▲ 0.49% VIVT3 34.34 ▲ 2.39% RAIL3 12.71 ▲ 1.92% KLABIN 16.69 ▼ 1.42% RAIA DROGASIL 16.77 ▼ 0.12% RDOR3 34.37 ▲ 1.60% HAPV3 10.27 ▼ 3.20% FLRY3 15.10 ▲ 0.87% SMTO3 14.87 ▲ 1.85% UGPA3 25.43 ▲ 0.83% VBBR3 29.44 ▲ 1.75% BBSE3 38.50 ▼ 0.34% BPAC11 52.87 ▲ 1.26% CURY3 34.59 ▲ 2.13% AERI3 2.16 — 0.00% VIVARA 21.72 ▲ 3.87% COMPASS 24.20 ▼ 1.10% VAMOS 2.80 ▲ 1.82% SANB11 26.75 ▼ 0.74% ASAI3 8.03 ▲ 4.29% SBSP3 28.24 ▲ 1.18% WALMEX 50.65 ▲ 0.16% GMEXICO 207.04 ▼ 1.42% FEMSA 222.66 ▲ 2.41% CEMEX 21.38 ▼ 1.75% GFNORTE 186.99 ▼ 0.47% BIMBO 56.38 ▲ 0.28% TELEVISA 9.53 ▲ 0.32% AMX 22.66 — 0.00% GAP 425.37 ▼ 1.49% ASUR 292.96 ▼ 2.42% OMA 234.64 ▼ 1.18% KOF 188.00 ▲ 1.63% GRUMA 282.18 ▼ 0.57% KIMBER 37.26 ▼ 0.59% SQM-B 70,484 ▼ 0.94% COPEC 5,940 ▼ 0.66% BSANTANDER 73.30 ▼ 2.18% FALABELLA 5,822 ▼ 1.31% ENELAM 82.93 ▼ 0.56% CENCOSUD 2,167 ▲ 0.32% CMPC 1,045 ▼ 0.29% BANCO CHILE 179.00 ▼ 1.65% LATAM AIR 25.63 ▲ 1.02% YPF 74,700 ▼ 1.06% GGAL 7,965 ▼ 2.45% PAMPA 5,115 ▼ 1.06% TXAR 658.00 ▼ 0.68% ALUAR 1,018 ▲ 1.19% TGS 9,485 ▼ 1.86% CEPU 2,346 ▼ 1.35% MIRGOR 16,525 ▲ 0.76% COME 44.38 ▼ 0.49% LOMA NEGRA 3,670 ▲ 1.17% BYMA 315.75 ▼ 0.55% TELECOM ARG 4,025 ▼ 0.80% ECOPETROL 15.74 ▼ 3.14% BANCOLOMBIA 80.62 ▼ 0.81% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 373.37 ▼ 1.89% SOUTHERN COPPER 181.00 ▼ 4.69% BUENAVENTURA 31.43 ▼ 3.04% MERCADOLIBRE 1,596 ▲ 0.44% NUBANK 12.59 ▼ 1.60% XP 15.70 ▼ 1.80% PAGSEGURO 8.73 ▼ 0.96% STONE 10.72 ▼ 0.23% GLOBANT 29.05 ▼ 3.09% TECNOGLASS 45.80 ▼ 0.80% GAP AIRPORT 241.67 ▼ 2.91% ASUR 292.96 ▼ 2.42% OMA AIRPORT 106.94 ▼ 2.49% AMX ADR 25.73 ▼ 1.34% CEMEX ADR 12.18 ▼ 3.22% PETROBRAS ADR 17.04 ▲ 0.18% VALE ADR 15.34 ▼ 2.36% ITAU ADR 7.93 ▼ 0.06% SANTANDER BR 5.23 ▼ 1.51% AMBEV ADR 3.13 ▼ 0.48% CSN 1.03 ▼ 1.90% GERDAU 4.19 ▼ 1.53% LATAM ADR 56.17 ▲ 0.79% BTC 62,282 ▼ 2.61% ETH 1,656 ▼ 4.09% SOL 68.81 ▼ 4.31% XRP 1.10 ▼ 2.81% BNB 573.20 ▼ 2.83% ADA 0.15 ▼ 5.25% DOGE 0.08 ▼ 4.58% AVAX 6.29 ▲ 0.92% LINK 7.58 ▼ 3.65% DOT 0.90 ▼ 4.06% LTC 42.06 ▼ 5.57% BCH 189.95 ▼ 3.71% TRX 0.33 ▼ 1.22% XLM 0.19 ▼ 4.62% HBAR 0.08 ▼ 1.84% NEAR 1.97 ▼ 4.59% ATOM 1.72 ▼ 3.95% AAVE 71.71 ▼ 4.44% SELIC 14.25% EMBRAER 78.41 ▲ 0.09% EMBRAER ADR 60.50 ▼ 0.75% JBS 12.10 ▲ 1.47% JBS BDR 62.60 ▲ 1.13% MBRF3 16.20 ▲ 5.95% MBRFY 3.08 ▲ 5.12% INTER 5.28 ▼ 2.04% FEMSA ADR 126.91 ▲ 1.39% EGX 51,770 ▼ 1.55% USD/ZAR 16.55 ▲ 1.07% USD/NGN 1,366 — 0.00% NIKKEI 69,788 ▼ 3.55% CSI300 4,919 ▼ 2.77% HSI 23,336 ▼ 1.82% NIFTY 23,824 ▼ 1.16% KOSPI 8,204 ▼ 9.99% JCI 6,101 ▼ 0.25% USD/JPY 161.56 ▲ 0.03% USD/CNY 6.7895 ▲ 0.33% DAX 24,894 ▼ 0.98% CAC 8,341 ▼ 0.71% FTSE 10,429 ▼ 0.09% MIB 52,024 ▼ 1.56% IBEX 19,477 ▼ 0.34% STOXX 634.63 ▼ 0.73% EUR/USD 1.1383 ▼ 0.42% GBP/USD 1.3189 ▼ 0.50% SPX 7,386 ▼ 1.16% DJI 51,777 ▲ 0.12% NDX 29,430 ▼ 3.02% RUT 2,990 ▲ 0.34% TSX 34,966 ▼ 0.10% VIX 18.74 ▲ 14.27% USD/CAD 1.4209 ▲ 0.36% US10Y 4.4910 ▼ 0.40%
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Tuesday, June 23, 2026

Brazil Brazil Tax reform

Carla Zambelli Joins Conservative Exodus as Brazil Faces Political Upheaval

By · June 3, 2025 · 2 min read

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Carla Zambelli, a federal deputy from São Paulo, left Brazil for Europe after the Supreme Federal Court sentenced her to ten years in prison for orchestrating a cyberattack on the National Justice Council’s electronic system in 2023.

This ruling, confirmed unanimously by the court’s First Chamber, also ordered her to pay R$2 million (about US$356,000) in collective damages.

The Prosecutor General’s Office identified Zambelli as the mastermind behind the hack, which involved issuing a false arrest warrant against a Supreme Court justice.

Investigators found that confessed hacker Walter Delgatti carried out the attack at her request. Delgatti received an eight-year sentence and shares financial liability with Zambelli.

Zambelli’s departure follows a growing trend among Brazil’s conservative figures who claim judicial persecution.

She cited her European citizenship as a reason for feeling secure abroad and announced plans to request a leave from her parliamentary duties.

Carla Zambelli Joins Conservative Exodus as Brazil Faces Political Upheaval
Carla Zambelli Joins Conservative Exodus as Brazil Faces Political Upheaval. (Photo Internet reproduction)
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Zambelli’s defense challenged the fairness of her virtual trial and argued that the evidence against her was insufficient.

She faces a separate criminal case for brandishing a firearm and stalking a journalist in 2022, for which the court has already voted for a five-year sentence, though final proceedings remain pending.

Her exit mirrors recent moves by other prominent conservatives. Eduardo Bolsonaro, son of former president Jair Bolsonaro, relocated to the United States in early 2025, stating he would seek political asylum.

He claimed that judicial actions targeting him and his family amount to political persecution. Eduardo’s case followed calls from lawmakers to seize his passport, though no formal charges were filed against him.

He has used his time abroad to rally international support for Brazil’s right-wing movement and criticized the judiciary’s role in prosecuting figures linked to the 2023 Brasília protests and alleged coup plots.

Brazil’s Conservative Exodus

This pattern extends beyond politicians. Journalists and influencers such as Allan dos Santos, Ludmila Lins Grilo, and Monark have also left Brazil, citing legal threats and blocked social media accounts.

Many of these exiles argue they only exercised free speech, yet face severe penalties at home.

Critics of Brazil’s Supreme Court claim its actions resemble those of authoritarian regimes, while supporters argue such measures are necessary to protect democratic institutions from misinformation and unrest.

The exodus of conservative voices raises questions about Brazil’s political stability and the resilience of its democratic framework.

With about 30% of the electorate identifying with the right, the departure of high-profile figures like Zambelli and Eduardo Bolsonaro signals a deepening divide.

These developments have direct implications for Brazil’s business environment, as political uncertainty can affect investor confidence and the broader economy.

Zambelli’s move to Europe, following the path of other conservative exiles, illustrates how Brazil’s internal conflicts are now shaping international narratives about democracy, justice, and political freedom.

For the full picture, see our Brazil Tax Reform: Complete Guide.

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