IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL5.07▲ 0.03% USD/MXN17.42▼ 0.05% USD/CLP925.95▼ 0.07% USD/COP3,247▲ 0.33% USD/PEN3.41▲ 0.55% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.20▼ 0.17% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.31% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 1.09% BRENT 85.78 ▲ 1.24% WTI 80.28 ▲ 1.18% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.52% GOLD 4,034 ▼ 0.66% SILVER 58.37 ▼ 0.68% SOY 1,198 ▼ 0.81% CORN 466.50 ▲ 7.55% WHEAT 667.25 ▲ 5.70% COFFEE 325.90 ▼ 3.35% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.10 ▲ 1.88% COCOA 5,728 ▲ 1.20% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,634 ▼ 0.50% ETH 1,877 ▼ 0.65% SOL 77.28 ▼ 0.62% XRP 1.11 ▼ 0.40% BNB 577.61 ▼ 0.71% ADA 0.16 ▼ 0.50% DOGE 0.07 ▼ 1.01% AVAX 6.66 ▼ 0.55% LINK 8.37 ▲ 0.31% DOT 0.85 ▼ 0.20% LTC 45.70 ▲ 0.58% BCH 235.71 ▼ 0.33% TRX 0.33 ▲ 0.79% XLM 0.18 ▼ 0.18% HBAR 0.07 — 0.00% NEAR 2.04 ▲ 1.44% ATOM 1.57 ▲ 0.70% AAVE 98.34 ▼ 0.55% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89% IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL 5.07 ▲ 0.03% USD/MXN 17.42 ▼ 0.03% USD/CLP 925.95 ▼ 0.07% USD/COP 3,247 ▲ 0.33% USD/PEN 3.41 ▲ 0.55% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.20 ▲ 0.20% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.31% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 1.09% BRENT 85.78 ▲ 1.24% WTI 80.28 ▲ 1.18% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.52% GOLD 4,034 ▼ 0.66% SILVER 58.37 ▼ 0.68% SOY 1,198 ▼ 0.81% CORN 466.50 ▲ 7.55% WHEAT 667.25 ▲ 5.70% COFFEE 325.90 ▼ 3.35% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.10 ▲ 1.88% COCOA 5,728 ▲ 1.20% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,634 ▼ 0.50% ETH 1,877 ▼ 0.65% SOL 77.28 ▼ 0.62% XRP 1.11 ▼ 0.40% BNB 577.61 ▼ 0.71% ADA 0.16 ▼ 0.50% DOGE 0.07 ▼ 1.01% AVAX 6.66 ▼ 0.55% LINK 8.37 ▲ 0.31% DOT 0.85 ▼ 0.20% LTC 45.70 ▲ 0.58% BCH 235.71 ▼ 0.33% TRX 0.33 ▲ 0.79% XLM 0.18 ▼ 0.18% HBAR 0.07 — 0.00% NEAR 2.04 ▲ 1.44% ATOM 1.57 ▲ 0.70% AAVE 98.34 ▼ 0.55% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89%
since 2009
Wednesday, July 15, 2026

Kast Backed Argentina on the Falklands — Then Chile’s Own Senators Turned On Him

By · April 20, 2026 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Key Points

President Kast formally endorsed Argentina’s sovereignty over the Falklands, South Georgia, the South Sandwich Islands, and their “surrounding maritime areas” in a joint statement with Milei during his first state visit to Buenos Aires on April 6 — a gesture that triggered an immediate backlash in the Chilean Senate

Senator Alejandro Kusanovic of Magallanes warned that the phrase “surrounding maritime areas” implicitly validates Argentina’s extended continental shelf claim — which overlaps with Chile’s own Antarctic and sub-Antarctic maritime projection southeast of the 1984 Peace Treaty boundary

The visit also centered on the extradition of Galvarino Apablaza, a former Chilean guerrilla wanted for the 1991 assassination of Senator Jaime Guzmán — Milei signed the extradition order, but when Interpol raided Apablaza’s Buenos Aires home, he had already fled

Deep Dive

For the complete picture, see our guide: Argentina Economy 2026.

The Rio Times, the Latin American financial news outlet, reports that what was designed as the ceremonial launch of a Kast Milei Falklands alliance — and the broader right-wing axis reshaping South America’s southern cone — has instead opened an unexpected domestic front for Chile’s new president. The joint communiqué signed at the Casa Rosada on April 6 contained two words that Chilean maritime experts, Antarctic policy specialists, and opposition senators immediately flagged as a potential concession of Chile’s own territorial interests: “espacios marítimos circundantes” — surrounding maritime areas.

Milei thanked Kast “on behalf of the Argentine government for the traditional support of the Chilean government on the Malvinas Islands Question.” The two presidents spent over 90 minutes in discussions, framing the visit within shared values of “liberty, democracy, life, and property,” while instructing their foreign ministers to advance investment, trade, and integration in mining and energy.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

The Kast Milei Falklands Statement and the Maritime Trap

Chile has backed Argentina’s Falklands sovereignty claim as a matter of state policy for more than three decades. What changed is the scope of the endorsement. By including “surrounding maritime areas,” the joint statement implicitly validates the geographic foundation of Argentina’s extended continental shelf submission to the UN — a claim that uses the Falklands, South Georgia, and South Sandwich Islands as reference points to project seabed rights beyond 200 nautical miles into zones that overlap with Chile’s own projection.

Maritime law expert Richard Kouyoumdjian warned that “the Cancillería is looking at the conflict on the surface — exclusive economic zone and territorial sea — when the real impact is on the subfloor.” Senator Kusanovic, who represents the Magallanes region closest to the disputed zones, said the declaration “puts at risk Chile’s maritime and Antarctic projection.” Chile’s foreign minister Francisco Pérez Mackenna was summoned to the Senate Foreign Relations Committee to contain the damage.

The Apablaza Ghost: An Extradition That Found an Empty House

Kast Backed Argentina on the Falklands — Then Chile’s Own Senators Turned On Him. (Photo Internet reproduction)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The Falklands endorsement was embedded within a broader bilateral package dominated by the Apablaza case. Galvarino Apablaza, a former guerrilla commander from Chile’s Frente Patriótico Manuel Rodríguez, is wanted for masterminding the 1991 assassination of Senator Jaime Guzmán — a foundational figure of Chile’s right-wing constitutional order. Milei signed the extradition order on March 11, the same day he attended Kast’s inauguration in Santiago.

But when Interpol and Argentine judicial authorities raided Apablaza’s home in Moreno, a Buenos Aires suburb, on April 3, he was gone. Kast declared that “sooner or later, the fugitive Apablaza will have to answer before justice” and urged “every Argentine” with information to come forward. Apablaza’s lawyer filed an appeal to the UN Committee Against Torture, arguing his client’s refugee status remains valid.

The Right-Wing Axis and Its Contradictions

The Kast-Milei summit was designed to formalize the conservative alliance that now stretches from Buenos Aires to Santiago — a political axis built on shared hostility to organized crime, irregular immigration, and the legacy of the Latin American left. Both presidents invoked the Battle of Maipú, the 1818 engagement that sealed Chilean and Argentine independence, as a historical template for cooperation.

But the Falklands backlash reveals the structural tension in this alliance: Argentina’s territorial ambitions in the South Atlantic extend into zones where Chilean interests begin. The 1984 Peace and Amistad Treaty resolved the Beagle Channel crisis and drew a maritime boundary, but the continental shelf projections that flow from the Falklands claim push into areas southeast of that treaty line. For Kast, a president whose approval has already crashed to 33% over fuel prices and student protests, the Falklands controversy adds another front to a presidency under siege from multiple directions simultaneously.

Read More from The Rio Times

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

Rotate for Best Experience

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