IBOV 185,899.93 ▼ 0.37% IPSA 11,410.19 ▲ 0.46% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,990,605 ▼ 0.28% COLCAP 2,570.03 ▲ 0.17% BVL PERÚ 59,529.36 ▲ 0.20% USD/BRL5.11▲ 0.11% USD/MXN17.30▲ 0.46% USD/CLP946.79▼ 0.26% USD/COP3,209▲ 1.04% USD/PEN3.36▼ 0.48% USD/ARS1,513▼ 0.08% USD/UYU40.06▲ 2.88% USD/PYG5,918▲ 3.14% USD/BOB11.85▲ 25.24% USD/DOP58.80▲ 2.88% USD/CRC445.27▲ 2.84% USD/GTQ7.63▲ 3.24% USD/HNL26.86▲ 3.32% USD/NIO36.62▲ 2.80% USD/VES850.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.48% EUR/BRL5.85▼ 0.82% 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 185,899.93 ▼ 0.37% IPSA 11,410.19 ▲ 0.46% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,990,605 ▼ 0.28% COLCAP 2,570.03 ▲ 0.17% BVL PERÚ 59,529.36 ▲ 0.20% 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%
since 2009
Tuesday, September 22, 2026

Brazil Venezuela

Venezuela Cries Foul: Maduro Regime Accuses Brazil of Immoral Aggression

By · October 25, 2024 · 2 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “68 strikes, 223 people. A UN expert says murder.”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Venezuela, under Nicolás Maduro’s leadership, has accused Brazil of “inexplicable and immoral aggression” for opposing its entry into BRICS.

President Lula had altered his stance on Venezuela and Nicaragua joining BRICS, instructing the Brazilian delegation to block new members at the recent summit in Russia. This decision marks a significant change from Lula’s previous support for Venezuela’s entry into the group.

Venezuela’s accusation comes from a regime facing international criticism for its own governance practices and human rights record. The July 2024 Venezuelan presidential election was marred by allegations of fraud.

International observers noted significant irregularities, while opposition leaders claimed the results were manipulated. The National Electoral Council, controlled by Maduro loyalists, declared him the winner without releasing detailed results.

Following the disputed election, Venezuela intensified its crackdown on dissent. Human rights organizations reported increased incidents of arbitrary detentions and torture.

The regime tightened its grip on media outlets, further restricting freedom of expression. Venezuela’s economy continues to struggle under Maduro’s rule.

Venezuela Cries Foul: Maduro Regime Accuses Brazil of Immorality
Venezuela Cries Foul: Maduro Regime Accuses Brazil of Immorality.
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
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Hyperinflation has devalued the currency, and shortages of basic goods persist. The once-thriving oil industry has crumbled due to mismanagement.

Venezuela’s Crisis and Regional Responses

Millions of Venezuelans have fled the country seeking better opportunities. Brazil’s opposition to Venezuela’s BRICS membership reflects growing regional concerns about Maduro’s governance.

President Lula da Silva’s government has taken a cautious approach, initially hoping to mediate but growing increasingly critical of Maduro’s actions. Maduro’s accusation against Brazil appears to be an attempt to deflect attention from internal problems.

The Venezuelan leader consistently blames foreign powers for his country’s woes, a rhetoric that resonates with core supporters but fails to address root causes.

The BRICS group has been considering expansion, but Venezuela’s bid faced opposition from several quarters. Brazil’s resistance highlights internal divisions within BRICS, with some members more willing to accommodate Maduro’s regime.

Venezuela’s diplomatic isolation has deepened as more countries recognize its democratic backsliding. The United States and European Union have imposed targeted sanctions on Venezuelan officials.

Regional organizations have condemned Maduro‘s actions, straining Venezuela’s relations with neighboring countries. The ongoing crisis in Venezuela has significant implications for regional stability.

The exodus of Venezuelans has strained neighboring countries’ resources, while criminal organizations have exploited the chaos.

As Maduro clings to power, the international community remains divided on how to promote democratic change in Venezuela.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error

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.