IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.30% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL5.07▲ 0.03% USD/MXN17.41▼ 0.08% USD/CLP925.95▼ 0.75% 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/BRL5.80▼ 1.00% BRENT 84.67 ▼ 0.07% WTI 79.44 ▲ 0.13% IRON ORE 161.91 — — COPPER 6.39 ▲ 0.95% GOLD 4,038 ▼ 0.56% SILVER 58.77 ▼ 0.01% SOY 1,197 ▼ 0.85% CORN 465.25 ▲ 7.26% WHEAT 663.25 ▲ 5.07% COFFEE 310.50 ▼ 7.92% SUGAR 14.87 ▼ 0.07% ORANGE JUICE 140.90 ▼ 1.16% COTTON 80.80 ▲ 1.51% COCOA 6,133 ▲ 8.36% 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 64,828 ▼ 0.20% ETH 1,884 ▼ 0.31% SOL 77.78 ▲ 0.02% XRP 1.11 ▼ 0.02% BNB 577.31 ▼ 0.76% ADA 0.16 ▼ 0.38% DOGE 0.07 — 0.00% AVAX 6.68 ▼ 0.26% LINK 8.41 ▲ 0.83% DOT 0.85 ▲ 0.27% LTC 45.56 ▲ 0.28% BCH 236.59 ▲ 0.04% TRX 0.33 ▲ 0.65% XLM 0.18 ▼ 0.36% HBAR 0.07 ▲ 0.38% NEAR 2.03 ▲ 1.04% ATOM 1.56 — 0.00% AAVE 97.92 ▼ 0.97% 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% EGX 52,390 ▲ 0.17% USD/ZAR16.36▼ 0.09% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,049 ▲ 0.16% USD/JPY162.29▲ 0.02% USD/CNY6.76▼ 0.17% DAX 24,998 ▼ 0.59% CAC 8,366 ▼ 0.01% FTSE 10,507 ▼ 0.21% MIB 52,653 ▼ 0.40% IBEX 19,228 ▼ 0.66% STOXX 641.80 ▼ 0.05% EUR/USD1.14▲ 0.05% GBP/USD1.34▲ 0.36% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.26 ▼ 1.45% USD/CAD1.41▼ 0.01% US10Y 4.5850 ▼ 0.52% IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.30% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL 5.07 ▲ 0.03% USD/MXN 17.41 ▼ 0.08% USD/CLP 925.95 ▼ 0.75% 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 ▼ 0.17% 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 5.80 ▼ 1.00% BRENT 84.67 ▼ 0.07% WTI 79.44 ▲ 0.13% IRON ORE 161.91 — — COPPER 6.39 ▲ 0.95% GOLD 4,038 ▼ 0.56% SILVER 58.77 ▼ 0.01% SOY 1,197 ▼ 0.85% CORN 465.25 ▲ 7.26% WHEAT 663.25 ▲ 5.07% COFFEE 310.50 ▼ 7.92% SUGAR 14.87 ▼ 0.07% ORANGE JUICE 140.90 ▼ 1.16% COTTON 80.80 ▲ 1.51% COCOA 6,133 ▲ 8.36% 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 64,828 ▼ 0.20% ETH 1,884 ▼ 0.31% SOL 77.78 ▲ 0.02% XRP 1.11 ▼ 0.02% BNB 577.31 ▼ 0.76% ADA 0.16 ▼ 0.38% DOGE 0.07 — 0.00% AVAX 6.68 ▼ 0.26% LINK 8.41 ▲ 0.83% DOT 0.85 ▲ 0.27% LTC 45.56 ▲ 0.28% BCH 236.59 ▲ 0.04% TRX 0.33 ▲ 0.65% XLM 0.18 ▼ 0.36% HBAR 0.07 ▲ 0.38% NEAR 2.03 ▲ 1.04% ATOM 1.56 — 0.00% AAVE 97.92 ▼ 0.97% 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% EGX 52,390 ▲ 0.17% USD/ZAR 16.36 ▲ 0.14% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,049 ▲ 0.16% USD/JPY 162.29 ▲ 0.06% USD/CNY 6.7588 ▼ 0.05% DAX 24,998 ▼ 0.59% CAC 8,366 ▼ 0.01% FTSE 10,507 ▼ 0.21% MIB 52,653 ▼ 0.40% IBEX 19,228 ▼ 0.66% STOXX 641.80 ▼ 0.05% EUR/USD 1.1427 ▲ 0.02% GBP/USD 1.3396 ▲ 0.07% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.26 ▼ 1.45% USD/CAD 1.4054 ▼ 0.05% US10Y 4.5850 ▼ 0.52%
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Opinion: These countries are willing to risk US ire over Russia-Ukraine

By · June 5, 2022 · 4 min read

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By Stephen Kinzer

RIO DE JANEIRO, BRAZIL – (Opinion) Americans are fervently cheering for Ukraine in a war that many believe is a decisive struggle for human freedom. The intensity of our infatuation makes it easy to assume that everyone in the world shares it. They don’t.

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The impassioned American reaction is matched only in Europe, Canada, and the handful of U.S. allies in East Asia. For many people in the rest of the world, the Russia-Ukraine conflict is just another pointless Western war in which they have no stake.

Read also: Check out our coverage on curated alternative narratives

The two most significant countries in Latin America, Mexico, and Brazil have refused to impose sanctions on Russia or curtail trade. South Africa, the economic powerhouse of the African continent, has done the same.

These countries are willing to risk US ire over Russia-Ukraine. (Photo internet reproduction)
These countries are willing to risk U.S. ire over Russia-Ukraine. (Photo internet reproduction)
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However, Asia is where the resistance to joining the pro-Ukraine bloc appears most deliberate and widespread. This has alarmed Washington. To fight back, the United States is cracking its whip over several Asian nations.

China and India, where more than one-third of the world’s people live, are the most potent dissenters. Both abstained from the recent United Nations vote condemning Russia and rejected U.S.-backed sanctions.

There isn’t much more we can do to punish China, but India might seem more vulnerable. Soon after the U.N. vote, Secretary of State Antony Blinken announced that the United States had begun “monitoring some recent concerning developments in India, including a rise in human rights abuses.”

President Biden’s chief economic advisor, Brian Deese, warned India that it would face “significant and long-term consequences” if it did not reconsider its “strategic alignment.”

Pakistan, a nuclear power with 200 million people, did more than abstain from the U.N. vote. When the United States asked Prime Minister Imran Khan to join the anti-Russia coalition, he scoffed, “Are we your slaves…that whatever you say, we will do?”

This came not long after he told the Pentagon: “Any bases, any sort of action from Pakistani territory into Afghanistan, absolutely not.” On the day President Vladimir Putin launched the Military Operation in Ukraine, Khan was with him in the Kremlin.

On April 9, Khan was removed from office after some members of Parliament who had supported him changed sides and joined the opposition. Meanwhile, Assistant Secretary of State Donald Lu told a Congressional hearing that his people spoke to Sri Lankan and Pakistani officials on the phone to press them to vote for the resolution. He said he was “disappointed” with the results.

Pakistan’s pro-American military had let members of Parliament know that it favored a no-confidence vote. Khan had other problems, including a poor economic record. He has announced that he will seek to return to power in next year’s election, campaigning against an “arrogant and threatening” United States.

Washington is also in near-panic over a new security pact that the Solomon Islands (population 650,000) has signed with China. The White House said it would “have significant concerns and respond accordingly” if the pact gave China too much military influence in the Solomons.

Prime Minister Manasseh Sogavare replied that he found it “very insulting” for the United States to brand his country “unfit to manage our sovereign affairs.” Media in the region have speculated about a possible coup or even an invasion launched from Australia.

Other Asian countries are joining the drift away from America’s sphere of influence. Vietnam abstained from the U.N. vote condemning Russia and then announced a series of joint maneuvers with the Russian military.

Indonesia, the world’s fourth-largest country, which will host this year’s G20 summit, insists that Putin will be invited despite U.S. and European efforts to isolate him.

At the other end of the continent, Prince Mohammed bin Salman of Saudi Arabia reportedly refused to speak to President Biden about increasing oil production but had a long call with Putin (according to the Kremlin) and has invited China’s President Xi Jinping to visit Riyadh soon. According to a presidential adviser, the United Arab Emirates refused to condemn Russia because it “believes that taking sides would only lead to more violence.”

Few world leaders have endorsed Russia’s operation in Ukraine. Some, however, might be forgiven for wondering how the United States, which bombed Serbia, invaded Iraq, occupied Afghanistan, and attacked Libya, can claim that it opposes aggression.

They are steeped in accounts of CIA kidnappings and torture in secret prisons, so calls from Washington to support the “rules-based order” ring hollow.

Reported atrocities might justify President Biden’s demand that Putin stands trial for war crimes. Still, it could be seen as hypocritical from a country that has refused to join the International Criminal Court in the Hague and even threatened to invade Holland if the court investigates American war crimes. The United States insists that Ukraine must be free to choose its own path but sometimes objects when other countries seek to do so.

Forces in Asia, not Europe, will shape the coming century. Many Asian nations see their interests aligned with those of the continent’s giants, Russia and China. They are not as easily intimidated as they once were.

The United States is betting that threats and warnings will bring them back into line. That could have the opposite result and alienate them further.

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