IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,319,522 — 0.00% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL5.08▼ 0.02% USD/MXN17.48▼ 0.26% USD/CLP944.79▼ 0.12% USD/COP3,197▼ 0.58% USD/PEN3.40▲ 0.12% USD/ARS1,488▲ 0.38% USD/UYU40.14▲ 1.38% USD/PYG6,025▲ 1.32% USD/BOB11.03▲ 3.10% USD/DOP58.04▼ 0.19% USD/CRC451.03▲ 2.19% USD/GTQ7.62▲ 2.30% USD/HNL26.74▲ 0.80% USD/NIO36.62▲ 0.26% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.37% USD/TTD6.73▲ 1.17% EUR/BRL5.78▼ 0.02% BRENT 91.96 ▼ 8.67% WTI 89.90 ▼ 2.48% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.66% GOLD 4,057 ▲ 0.26% SILVER 58.58 ▲ 1.34% SOY 1,243 ▲ 0.46% CORN 485.50 ▲ 4.63% WHEAT 691.00 ▼ 0.75% COFFEE 311.35 ▲ 0.63% SUGAR 14.55 ▼ 0.95% ORANGE JUICE 145.50 ▼ 3.19% COTTON 80.44 ▲ 0.75% COCOA 5,321 ▲ 0.38% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.08 ▼ 2.02% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.34 ▼ 1.81% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 679.00 ▲ 1.65% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,778 ▼ 0.85% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,028 ▼ 0.03% ETH 1,883 ▲ 0.30% SOL 75.16 ▼ 0.92% XRP 1.10 ▼ 0.40% BNB 566.61 ▼ 0.06% ADA 0.17 ▼ 1.26% DOGE 0.07 ▲ 0.37% AVAX 6.25 ▼ 0.19% LINK 8.46 ▼ 0.07% DOT 0.80 ▼ 1.51% LTC 46.29 ▼ 1.36% BCH 210.00 ▼ 0.99% TRX 0.33 ▲ 0.84% XLM 0.18 ▲ 0.05% HBAR 0.07 ▼ 1.01% NEAR 1.88 ▲ 0.08% ATOM 1.39 ▼ 1.98% AAVE 95.63 ▲ 0.62% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 3.13% INTER 5.46 ▼ 4.04% EGX 53,932 ▼ 0.11% USD/ZAR16.84▲ 0.14% USD/NGN 1,366 — 0.00% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY163.80▼ 0.04% USD/CNY6.76▼ 0.14% DAX 24,934 ▲ 0.69% CAC 8,325 ▲ 0.31% FTSE 10,657 ▲ 0.17% MIB 51,630 ▲ 0.61% IBEX 19,434 ▲ 0.86% STOXX 641.42 ▲ 0.34% EUR/USD1.14▲ 0.01% GBP/USD1.33▼ 0.39% SPX 7,408 ▼ 1.21% DJI 51,712 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,940 ▼ 0.67% TSX 35,193 ▼ 0.82% VIX 18.89 ▲ 1.02% USD/CAD1.41▲ 0.01% US10Y 4.7030 ▲ 0.99% IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,319,522 — 0.00% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▼ 0.02% USD/MXN 17.48 ▼ 0.26% USD/CLP 944.79 ▼ 0.12% USD/COP 3,197 ▼ 0.58% USD/PEN 3.40 ▲ 0.12% USD/ARS 1,488 ▲ 0.38% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 58.04 ▼ 0.19% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.26% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.37% USD/TTD 6.73 ▲ 1.17% EUR/BRL 5.78 ▼ 0.02% BRENT 91.96 ▼ 8.67% WTI 89.90 ▼ 2.48% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.66% GOLD 4,057 ▲ 0.26% SILVER 58.58 ▲ 1.34% SOY 1,243 ▲ 0.46% CORN 485.50 ▲ 4.63% WHEAT 691.00 ▼ 0.75% COFFEE 311.35 ▲ 0.63% SUGAR 14.55 ▼ 0.95% ORANGE JUICE 145.50 ▼ 3.19% COTTON 80.44 ▲ 0.75% COCOA 5,321 ▲ 0.38% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.08 ▼ 2.02% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.34 ▼ 1.81% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 679.00 ▲ 1.65% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,778 ▼ 0.85% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,028 ▼ 0.03% ETH 1,883 ▲ 0.30% SOL 75.16 ▼ 0.92% XRP 1.10 ▼ 0.40% BNB 566.61 ▼ 0.06% ADA 0.17 ▼ 1.26% DOGE 0.07 ▲ 0.37% AVAX 6.25 ▼ 0.19% LINK 8.46 ▼ 0.07% DOT 0.80 ▼ 1.51% LTC 46.29 ▼ 1.36% BCH 210.00 ▼ 0.99% TRX 0.33 ▲ 0.84% XLM 0.18 ▲ 0.05% HBAR 0.07 ▼ 1.01% NEAR 1.88 ▲ 0.08% ATOM 1.39 ▼ 1.98% AAVE 95.63 ▲ 0.62% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 3.13% INTER 5.46 ▼ 4.04% EGX 53,932 ▼ 0.11% USD/ZAR 16.85 ▲ 0.20% USD/NGN 1,366 — 0.00% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY 163.82 ▲ 0.03% USD/CNY 6.7610 ▼ 0.08% DAX 24,934 ▲ 0.69% CAC 8,325 ▲ 0.31% FTSE 10,657 ▲ 0.17% MIB 51,630 ▲ 0.61% IBEX 19,434 ▲ 0.86% STOXX 641.42 ▲ 0.34% EUR/USD 1.1378 ▼ 0.04% GBP/USD 1.3324 ▲ 0.06% SPX 7,408 ▼ 1.21% DJI 51,712 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,940 ▼ 0.67% TSX 35,193 ▼ 0.82% VIX 18.89 ▲ 1.02% USD/CAD 1.4088 ▲ 0.06% US10Y 4.7030 ▲ 0.99%
since 2009
Friday, July 24, 2026

Analysis Defense Monitor

The Potential Militarization of BRICS: Implications for Brazil’s Defense Strategy

By · October 5, 2024 · 3 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.

(Analysis) The BRICS diplomatic bloc will convene in Russia later this month, with two of its members, Moscow and Tehran, currently embroiled in conflicts.

Security is on the official agenda. Analysts worry that Russia and China might push for military discussions within the group.

This could potentially lead to a future military alliance. Such a scenario could put Brazil’s national defense system at risk.

Concerns about BRICS militarization grew after Russia’s invasion of Ukraine in 2022. Moscow has used its BRICS participation to show it’s not isolated politically or economically.

The summit’s theme is “Multilateralism for Fair Social Development and Security.” Russia, as the host, may steer political and economic talks towards military matters.

Iran’s recent membership adds to this trend, given its involvement in the Israel-Hamas conflict. Russia and Iran already have a bilateral military agreement.

The Potential Militarization of BRICS: Implications for Brazil's Defense Strategy. (Photo Internet reproduction)
The Potential Militarization of BRICS: Implications for Brazil’s Defense Strategy. (Photo Internet reproduction)
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 →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

They exchange drones and missiles for fighter jets. China and Brazil signed a treaty in April to promote a “peace” plan for Ukraine. This plan would favor Russia.

International analysts believe Moscow will use the summit to gain political support. It may also seek new military partnerships and possibly start discussions about turning BRICS into a military alliance.

Dr. Gunther Rudzit, a political science expert, warns of potential consequences for Brazil. He says joining these military agreements could make Brazil lose access to Western military equipment.

Brazil has a history of relations with Western nations. Most of its military arsenal comes from NATO countries. Under former President Bolsonaro, Brazil became an extra-NATO member.

The Potential Militarization of BRICS: Implications for Brazil’s Defense Strategy

This allowed Brazil to buy advanced combat equipment and participate in joint exercises with the US. Vitélio Brustolin, a Harvard researcher, emphasizes Brazil’s deep NATO connections.

Brazilian soldiers train with NATO. The navy has trained in the Black Sea with NATO forces. Brazil’s new submarines are built in partnership with France.

The army has Italian-made combat vehicles. The air force flies Swedish-made Gripen jets. Brustolin warns that misaligning foreign policy with defense strategy is risky.

Replacing NATO equipment with Russian or Chinese weapons would cost billions and be economically unfeasible. President Lula has been moving closer to China and Russia in his third term.

He shares their vision of a new world order based on multipolarity. Lula has questioned US hegemony and supported the idea of a BRICS common currency.

He has made statements interpreted as supporting Putin in the Ukraine conflict. This stance worries analysts about Brazil potentially joining a BRICS military alliance.

The BRICS group already has a Working Group on security collaboration. They discuss terrorism, cybersecurity, and information sharing. Recent meetings have emphasized the need for defense cooperation.

Russia organized the 14th such meeting this year. Putin participated and held bilateral talks with member countries. Topics included the future world order and overcoming Western-imposed rules.

Some analysts view the military alliance discussions as Russian rhetoric. Dr. Rudzit suggests it’s an attempt by Russia to show it’s not isolated.

BRICS Military Alliance

Putin has been using BRICS to ease his isolation caused by Western sanctions. Russia has strengthened ties with other “enemies” of the West, including North Korea, Iran, and China.

Experts point out structural problems in forming a BRICS military alliance. China and India, both BRICS members, have long-standing border disputes.

Individual country interests may override alliance formation. Forming a military alliance requires a willingness to die for other countries and spend money on defense. The BRICS countries may not be ready for such commitments.

Existing bilateral military agreements among BRICS members may make a formal alliance unnecessary. For example, Iran and Russia already trade drones. China sells microchips to Russia, supporting its military production.

These arrangements have led to Western sanctions on Chinese companies. The future of BRICS militarization remains uncertain, but its potential impact on global politics is significant.

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.