IBOV 185,205.09 ▲ 3.05% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,833.08 ▲ 0.49% MERVAL 3,106,216 ▲ 1.86% COLCAP 2,489.31 ▲ 0.77% BVL PERÚ 59,515.48 ▲ 0.34% USD/BRL5.09▲ 0.03% USD/MXN17.00▲ 0.19% USD/CLP937.36— 0.00% USD/COP3,154▼ 0.49% USD/PEN3.36▼ 0.20% USD/ARS1,511▼ 0.02% USD/UYU40.24▲ 1.21% USD/PYG5,885▲ 1.38% USD/BOB12.20▲ 4.46% USD/DOP58.45▼ 0.17% USD/CRC445.58▲ 1.89% USD/GTQ7.63▲ 2.07% USD/HNL26.83▲ 1.45% USD/NIO36.62▲ 0.71% USD/VES802.80▲ 0.33% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.66▲ 0.93% EUR/BRL5.91▼ 0.96% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,205.09 ▲ 3.05% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,833.08 ▲ 0.49% MERVAL 3,106,216 ▲ 1.86% COLCAP 2,489.31 ▲ 0.77% BVL PERÚ 59,515.48 ▲ 0.34% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, September 3, 2026

Milei Leads Argentina Away from BRICS

By · December 29, 2023 · 2 min read

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Argentina’s President Javier Milei has formally notified BRICS leaders of Argentina’s withdrawal from the bloc’s membership.

This move, detailed in a letter to Brazil’s President Lula, marks a significant policy shift.

Milei’s foreign policy starkly contrasts with his predecessor, Alberto Fernández, who favored joining BRICS by January 2024.

Now, Milei plans to reassess and possibly overturn some past decisions.

Argentina’s proposed BRICS membership, announced alongside nations like Iran and Saudi Arabia, no longer aligns with Milei’s vision.

He previously criticized the idea, favoring ties with the United States and Israel instead.

This stance emerged during his campaign as he expressed concerns over aligning with what he termed “communist” entities.

In his letter, Milei references a specialized unit planned by Fernández for active BRICS engagement.

However, he now deems Argentina’s full membership by 2024 inappropriate. Despite this, Milei seeks stronger bilateral relations with Brazil, focusing on trade and investment.

This pivot reflects a broader reevaluation of Argentina’s foreign policy and international alliances.

Milei Leads Argentina Away from BRICS. (Photo Internet reproduction)
Milei Leads Argentina Away from BRICS. (Photo Internet reproduction)
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Milei’s decision indicates a new direction, emphasizing strategic partnerships and national interests.

As Milei anticipates future discussions with Lula, he highlights his commitment to forging a path that best serves Argentina’s evolving priorities outside the BRICS framework.

This approach underscores the fluid nature of international relations and the impact of leadership changes on a country’s global stance.

Background

Argentina’s exit from BRICS marks a strategic shift, aligning it with a minority of nations choosing not to engage with the group.

This move may influence regional policies towards BRICS and similar entities.

Argentina’s choice to join BRICS, amidst a global trend of increasing membership, sets a distinct precedent, possibly affecting its relations with the U.S. and Israel.

Brazil and South Africa strengthen BRICS ties for strategic gains, while Argentina’s departure reflects its unique national strategy and priorities.

This development positions Argentina as a case study in navigating national interests within global diplomacy.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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