IBOV 171,259 ▲ 0.52% IPSA 10,770 ▼ 1.21% IPC MEX 66,848 ▼ 0.41% MERVAL 3,248,428 ▼ 0.89% COLCAP 2,347.07 ▼ 1.93% BVL PERÚ 55,659.77 ▼ 2.43% USD/BRL5.17▼ 0.12% USD/MXN17.58▲ 0.13% USD/CLP913.39▲ 0.76% USD/COP3,419▼ 0.70% USD/PEN3.39▼ 0.12% USD/ARS1,471▼ 0.03% USD/UYU39.91▲ 1.23% USD/PYG6,064▲ 1.31% USD/BOB6.86▲ 1.82% USD/DOP58.38▲ 1.09% USD/CRC452.10▲ 2.38% USD/GTQ7.62▲ 2.22% USD/HNL26.68▲ 1.36% USD/NIO36.62▲ 0.68% USD/VES619.98▲ 5.68% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD155.98▼ 0.33% USD/TTD6.69▲ 0.58% EUR/BRL5.88▼ 0.23% BRENT 75.49 ▼ 2.06% WTI 71.75 ▼ 1.99% IRON ORE 161.91 — — COPPER 6.14 ▼ 0.03% GOLD 4,101 ▼ 0.69% SILVER 61.57 ▼ 0.73% SOY 1,142 ▲ 2.26% CORN 437.25 ▲ 6.71% WHEAT 595.50 ▲ 1.49% COFFEE 263.55 ▼ 8.47% SUGAR 13.82 ▲ 2.98% ORANGE JUICE 151.05 ▼ 2.30% COTTON 78.14 ▲ 5.65% COCOA 4,774 ▲ 5.50% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.43 ▼ 5.01% PETR4 39.33 ▲ 0.41% VALE3 79.38 ▼ 1.89% ITUB4 41.05 ▲ 0.27% BBDC4 17.84 ▲ 0.91% ABEV3 16.37 ▲ 1.24% BBAS3 19.86 ▲ 1.43% B3SA3 14.72 ▲ 0.14% WEGE3 45.71 ▲ 1.02% PRIO3 56.10 ▼ 1.02% SUZB3 41.95 ▼ 0.21% RENT3 41.78 ▲ 2.35% AZZA3 20.10 ▲ 3.61% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.08 ▲ 1.96% GMAT3 3.84 ▲ 1.32% PSSA3 52.19 ▼ 1.97% CVCB3 1.32 ▲ 4.76% POSI3 3.86 ▼ 1.03% SLCE3 13.46 ▲ 0.30% NATU3 7.72 ▲ 0.65% BRKM5 7.60 ▲ 2.29% RANI3 7.63 ▼ 0.65% CSNA3 5.27 ▼ 1.31% CMIN3 4.28 ▼ 0.47% USIM5 8.66 ▼ 4.94% GGBR4 21.70 ▼ 0.91% ENEV3 25.20 ▲ 2.31% NEOE3 33.80 — 0.00% CPFE3 44.12 ▼ 0.56% CMIG4 10.99 ▲ 0.46% EQTL3 38.20 ▲ 1.46% LREN3 14.54 ▲ 1.04% VIVT3 34.28 ▲ 2.21% RAIL3 12.90 ▲ 3.45% KLABIN 16.81 ▼ 0.71% RAIA DROGASIL 17.00 ▲ 1.25% RDOR3 34.34 ▲ 1.51% HAPV3 10.28 ▼ 3.11% FLRY3 15.07 ▲ 0.67% SMTO3 14.77 ▲ 1.16% UGPA3 25.49 ▲ 1.07% VBBR3 29.39 ▼ 0.03% BBSE3 38.27 ▼ 0.93% BPAC11 52.80 ▲ 1.13% CURY3 34.33 ▲ 1.36% AERI3 2.13 ▼ 1.39% VIVARA 21.88 ▲ 4.64% COMPASS 25.10 ▲ 2.57% VAMOS 2.81 ▲ 2.18% SANB11 26.75 ▼ 0.74% ASAI3 7.94 ▲ 3.12% SBSP3 28.16 ▲ 0.90% WALMEX 50.68 ▲ 0.22% GMEXICO 206.10 ▼ 1.87% FEMSA 223.29 ▲ 2.70% CEMEX 21.37 ▼ 1.79% GFNORTE 184.55 ▼ 1.77% BIMBO 56.02 ▼ 0.36% TELEVISA 9.50 — 0.00% AMX 22.74 ▲ 0.35% GAP 426.86 ▼ 1.15% ASUR 296.01 ▼ 1.41% OMA 235.06 ▼ 1.00% KOF 188.09 ▲ 1.68% GRUMA 280.58 ▼ 1.13% KIMBER 37.17 ▼ 0.83% SQM-B 70,150 ▼ 1.41% COPEC 5,967 ▼ 0.22% BSANTANDER 73.00 ▼ 2.58% FALABELLA 5,686 ▼ 3.61% ENELAM 82.80 ▼ 0.72% CENCOSUD 2,159 ▼ 0.05% CMPC 1,043 ▼ 0.48% BANCO CHILE 178.10 ▼ 2.14% LATAM AIR 25.35 ▼ 0.08% YPF 74,700 ▼ 1.06% GGAL 7,965 ▼ 2.45% PAMPA 5,120 ▼ 0.97% TXAR 682.00 ▲ 2.94% ALUAR 1,033 ▲ 2.68% TGS 9,460 ▼ 2.12% CEPU 2,345 ▼ 1.39% MIRGOR 16,425 ▲ 0.15% COME 44.24 ▼ 0.81% LOMA NEGRA 3,810 ▲ 5.03% BYMA 318.00 ▲ 0.16% TELECOM ARG 4,048 ▼ 0.25% ECOPETROL 15.51 ▼ 4.55% BANCOLOMBIA 80.97 ▼ 0.38% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 368.77 ▼ 3.10% SOUTHERN COPPER 178.57 ▼ 5.97% BUENAVENTURA 31.00 ▼ 4.35% MERCADOLIBRE 1,584 ▼ 0.36% NUBANK 12.59 ▼ 1.56% XP 15.72 ▼ 1.69% PAGSEGURO 8.76 ▼ 0.57% STONE 10.72 ▼ 0.19% GLOBANT 29.28 ▼ 2.30% TECNOGLASS 45.38 ▼ 1.71% GAP AIRPORT 244.10 ▼ 1.94% ASUR 296.01 ▼ 1.41% OMA AIRPORT 107.66 ▼ 1.83% AMX ADR 25.85 ▼ 0.88% FEMSA ADR 127.11 ▲ 1.56% CEMEX ADR 12.16 ▼ 3.34% PETROBRAS ADR 17.03 ▲ 0.12% VALE ADR 15.31 ▼ 2.55% ITAU ADR 7.94 ▲ 0.13% SANTANDER BR 5.26 ▼ 0.94% AMBEV ADR 3.17 ▲ 0.80% CSN 1.04 ▼ 0.95% GERDAU 4.17 ▼ 1.88% LATAM ADR 55.74 ▲ 0.02% BTC 62,700 ▲ 0.05% ETH 1,672 ▲ 0.39% SOL 69.42 ▼ 0.32% XRP 1.10 ▼ 0.67% BNB 576.96 ▼ 0.11% ADA 0.15 ▼ 0.44% DOGE 0.08 ▲ 0.24% AVAX 6.40 ▼ 1.32% LINK 7.61 ▼ 0.19% DOT 0.90 ▼ 0.45% LTC 42.13 ▼ 0.01% BCH 193.66 ▼ 0.45% TRX 0.33 ▲ 0.40% XLM 0.19 ▼ 1.77% HBAR 0.08 ▼ 0.35% NEAR 1.96 ▼ 1.02% ATOM 1.68 ▼ 1.99% AAVE 71.74 ▼ 1.00% SELIC 14.25% EMBRAER 78.80 ▲ 0.59% EMBRAER ADR 61.08 ▲ 0.20% JBS 12.23 ▲ 2.60% JBS BDR 62.80 ▲ 1.45% MBRF3 16.80 ▲ 9.88% MBRFY 3.15 — 0.00% INTER 5.33 ▼ 1.11% EGX 51,817 ▲ 0.09% USD/ZAR16.61▲ 0.37% USD/NGN 1,366 — 0.00% NIKKEI 69,175 ▼ 0.88% CSI300 4,943 ▲ 0.48% HSI 23,412 ▲ 0.33% NIFTY 24,056 ▲ 0.97% KOSPI 8,471 ▲ 3.26% JCI 5,905 ▼ 3.22% USD/JPY161.73▲ 0.09% USD/CNY6.80▲ 0.21% DAX 24,730 ▼ 0.66% CAC 8,358 ▲ 0.21% FTSE 10,431 ▲ 0.02% MIB 51,824 ▼ 0.38% IBEX 19,405 ▼ 0.37% STOXX 634.84 ▲ 0.03% EUR/USD1.14▼ 0.25% GBP/USD1.32▼ 0.42% SPX 7,365 ▼ 1.44% DJI 51,667 ▼ 0.09% NDX 29,347 ▼ 3.29% RUT 2,975 ▼ 0.96% TSX 34,927 ▼ 0.21% VIX 19.15 ▼ 1.74% USD/CAD1.42▲ 0.11% US10Y 4.4930 ▼ 0.35% IBOV 171,259 ▲ 0.52% IPSA 10,770 ▼ 1.21% IPC MEX 66,848 ▼ 0.41% MERVAL 3,248,428 ▼ 0.89% COLCAP 2,347.07 ▼ 1.93% BVL PERÚ 55,659.77 ▼ 2.43% USD/BRL 5.17 ▼ 0.12% USD/MXN 17.58 ▲ 0.13% USD/CLP 913.39 ▲ 0.76% USD/COP 3,419 ▼ 0.70% USD/PEN 3.39 ▼ 0.12% USD/ARS 1,471 ▼ 0.03% USD/UYU 39.91 ▲ 1.09% USD/PYG 6,064 ▲ 0.60% USD/BOB 6.86 ▲ 1.93% USD/DOP 58.38 ▲ 0.66% USD/CRC 452.10 ▲ 2.38% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.68 ▲ 1.36% USD/NIO 36.62 ▲ 0.68% USD/VES 619.98 ▲ 5.68% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 155.98 ▼ 0.33% USD/TTD 6.69 ▲ 0.53% EUR/BRL 5.88 ▼ 0.23% BRENT 75.49 ▼ 2.06% WTI 71.75 ▼ 1.99% IRON ORE 161.91 — — COPPER 6.14 ▼ 0.03% GOLD 4,101 ▼ 0.69% SILVER 61.57 ▼ 0.73% SOY 1,142 ▲ 2.26% CORN 437.25 ▲ 6.71% WHEAT 595.50 ▲ 1.49% COFFEE 263.55 ▼ 8.47% SUGAR 13.82 ▲ 2.98% ORANGE JUICE 151.05 ▼ 2.30% COTTON 78.14 ▲ 5.65% COCOA 4,774 ▲ 5.50% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.43 ▼ 5.01% PETR4 39.33 ▲ 0.41% VALE3 79.38 ▼ 1.89% ITUB4 41.05 ▲ 0.27% BBDC4 17.84 ▲ 0.91% ABEV3 16.37 ▲ 1.24% BBAS3 19.86 ▲ 1.43% B3SA3 14.72 ▲ 0.14% WEGE3 45.71 ▲ 1.02% PRIO3 56.10 ▼ 1.02% SUZB3 41.95 ▼ 0.21% RENT3 41.78 ▲ 2.35% AZZA3 20.10 ▲ 3.61% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.08 ▲ 1.96% GMAT3 3.84 ▲ 1.32% PSSA3 52.19 ▼ 1.97% CVCB3 1.32 ▲ 4.76% POSI3 3.86 ▼ 1.03% SLCE3 13.46 ▲ 0.30% NATU3 7.72 ▲ 0.65% BRKM5 7.60 ▲ 2.29% RANI3 7.63 ▼ 0.65% CSNA3 5.27 ▼ 1.31% CMIN3 4.28 ▼ 0.47% USIM5 8.66 ▼ 4.94% GGBR4 21.70 ▼ 0.91% ENEV3 25.20 ▲ 2.31% NEOE3 33.80 — 0.00% CPFE3 44.12 ▼ 0.56% CMIG4 10.99 ▲ 0.46% EQTL3 38.20 ▲ 1.46% LREN3 14.54 ▲ 1.04% VIVT3 34.28 ▲ 2.21% RAIL3 12.90 ▲ 3.45% KLABIN 16.81 ▼ 0.71% RAIA DROGASIL 17.00 ▲ 1.25% RDOR3 34.34 ▲ 1.51% HAPV3 10.28 ▼ 3.11% FLRY3 15.07 ▲ 0.67% SMTO3 14.77 ▲ 1.16% UGPA3 25.49 ▲ 1.07% VBBR3 29.39 ▼ 0.03% BBSE3 38.27 ▼ 0.93% BPAC11 52.80 ▲ 1.13% CURY3 34.33 ▲ 1.36% AERI3 2.13 ▼ 1.39% VIVARA 21.88 ▲ 4.64% COMPASS 25.10 ▲ 2.57% VAMOS 2.81 ▲ 2.18% SANB11 26.75 ▼ 0.74% ASAI3 7.94 ▲ 3.12% SBSP3 28.16 ▲ 0.90% WALMEX 50.68 ▲ 0.22% GMEXICO 206.10 ▼ 1.87% FEMSA 223.29 ▲ 2.70% CEMEX 21.37 ▼ 1.79% GFNORTE 184.55 ▼ 1.77% BIMBO 56.02 ▼ 0.36% TELEVISA 9.50 — 0.00% AMX 22.74 ▲ 0.35% GAP 426.86 ▼ 1.15% ASUR 296.01 ▼ 1.41% OMA 235.06 ▼ 1.00% KOF 188.09 ▲ 1.68% GRUMA 280.58 ▼ 1.13% KIMBER 37.17 ▼ 0.83% SQM-B 70,150 ▼ 1.41% COPEC 5,967 ▼ 0.22% BSANTANDER 73.00 ▼ 2.58% FALABELLA 5,686 ▼ 3.61% ENELAM 82.80 ▼ 0.72% CENCOSUD 2,159 ▼ 0.05% CMPC 1,043 ▼ 0.48% BANCO CHILE 178.10 ▼ 2.14% LATAM AIR 25.35 ▼ 0.08% YPF 74,700 ▼ 1.06% GGAL 7,965 ▼ 2.45% PAMPA 5,120 ▼ 0.97% TXAR 682.00 ▲ 2.94% ALUAR 1,033 ▲ 2.68% TGS 9,460 ▼ 2.12% CEPU 2,345 ▼ 1.39% MIRGOR 16,425 ▲ 0.15% COME 44.24 ▼ 0.81% LOMA NEGRA 3,810 ▲ 5.03% BYMA 318.00 ▲ 0.16% TELECOM ARG 4,048 ▼ 0.25% ECOPETROL 15.51 ▼ 4.55% BANCOLOMBIA 80.97 ▼ 0.38% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 368.77 ▼ 3.10% SOUTHERN COPPER 178.57 ▼ 5.97% BUENAVENTURA 31.00 ▼ 4.35% MERCADOLIBRE 1,584 ▼ 0.36% NUBANK 12.59 ▼ 1.56% XP 15.72 ▼ 1.69% PAGSEGURO 8.76 ▼ 0.57% STONE 10.72 ▼ 0.19% GLOBANT 29.28 ▼ 2.30% TECNOGLASS 45.38 ▼ 1.71% GAP AIRPORT 244.10 ▼ 1.94% ASUR 296.01 ▼ 1.41% OMA AIRPORT 107.66 ▼ 1.83% AMX ADR 25.85 ▼ 0.88% FEMSA ADR 127.11 ▲ 1.56% CEMEX ADR 12.16 ▼ 3.34% PETROBRAS ADR 17.03 ▲ 0.12% VALE ADR 15.31 ▼ 2.55% ITAU ADR 7.94 ▲ 0.13% SANTANDER BR 5.26 ▼ 0.94% AMBEV ADR 3.17 ▲ 0.80% CSN 1.04 ▼ 0.95% GERDAU 4.17 ▼ 1.88% LATAM ADR 55.74 ▲ 0.02% BTC 62,700 ▲ 0.05% ETH 1,672 ▲ 0.39% SOL 69.42 ▼ 0.32% XRP 1.10 ▼ 0.67% BNB 576.96 ▼ 0.11% ADA 0.15 ▼ 0.44% DOGE 0.08 ▲ 0.24% AVAX 6.40 ▼ 1.32% LINK 7.61 ▼ 0.19% DOT 0.90 ▼ 0.45% LTC 42.13 ▼ 0.01% BCH 193.66 ▼ 0.45% TRX 0.33 ▲ 0.40% XLM 0.19 ▼ 1.77% HBAR 0.08 ▼ 0.35% NEAR 1.96 ▼ 1.02% ATOM 1.68 ▼ 1.99% AAVE 71.74 ▼ 1.00% SELIC 14.25% EMBRAER 78.80 ▲ 0.59% EMBRAER ADR 61.08 ▲ 0.20% JBS 12.23 ▲ 2.60% JBS BDR 62.80 ▲ 1.45% MBRF3 16.80 ▲ 9.88% MBRFY 3.15 — 0.00% INTER 5.33 ▼ 1.11% EGX 51,817 ▲ 0.09% USD/ZAR 16.61 ▲ 0.61% USD/NGN 1,366 — 0.00% NIKKEI 69,175 ▼ 0.88% CSI300 4,943 ▲ 0.48% HSI 23,412 ▲ 0.33% NIFTY 24,056 ▲ 0.97% KOSPI 8,471 ▲ 3.26% JCI 5,905 ▼ 3.22% USD/JPY 161.70 ▲ 0.10% USD/CNY 6.8043 ▲ 0.29% DAX 24,730 ▼ 0.66% CAC 8,358 ▲ 0.21% FTSE 10,431 ▲ 0.02% MIB 51,824 ▼ 0.38% IBEX 19,405 ▼ 0.37% STOXX 634.84 ▲ 0.03% EUR/USD 1.1356 ▼ 0.28% GBP/USD 1.3187 ▼ 0.12% SPX 7,365 ▼ 1.44% DJI 51,667 ▼ 0.09% NDX 29,347 ▼ 3.29% RUT 2,975 ▼ 0.96% TSX 34,927 ▼ 0.21% VIX 19.15 ▼ 1.74% USD/CAD 1.4230 ▲ 0.18% US10Y 4.4930 ▼ 0.35%
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Wednesday, June 24, 2026

Why Russia Just Flew Armored Limousines Into Brazil — and What It Means for the Rest of the World

By · February 2, 2026 · 2 min read

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Key Points

  • Brazil and Russia hold their first top-level government summit in over a decade on February 5, with Russian planes delivering armored limousines to Brasília on routes that deliberately avoid all of Europe.
  • Since 2022, Brazil has quietly become the world’s third-largest buyer of Russian fuel and depends on Moscow for over a quarter of its fertilizer imports — a dependency now worth nearly US$15 billion a year.
  • Washington has responded with a bill threatening 500% tariffs on countries buying Russian oil, naming Brazil explicitly — raising the real possibility that this deepening relationship will make food and fuel more expensive for ordinary Brazilians.

Something unusual happened at Brasília’s airport last week. A Russian government jet landed carrying armored limousines — bulletproof cars for a delegation so large the Kremlin needed multiple planes.

All flew thousands of extra kilometers through Azerbaijan, Algeria, and Guinea to avoid European airspace, where sanctions could mean seizure. That detail alone says a great deal about the world right now.

The cars are for Prime Minister Mikhail Mishustin, eight ministers, and business leaders meeting Vice President Geraldo Alckmin on February 5 for the 8th Brazil-Russia High-Level Cooperation Commission — the first since 2015.

Why Russia Just Flew Armored Limousines Into Brazil — and What It Means for the Rest of the World. (Photo Internet reproduction)
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Putin cannot come. Brazil, a Rome Statute signatory, would be obligated to arrest him on the ICC warrant issued in March 2023 over the deportation of Ukrainian children.

He skipped the G20 in 2024 and the BRICS summit in Rio last July for the same reason. But he and Lula spoke by phone on January 14 to finalize preparations.

The numbers explain the urgency. Bilateral trade reached US$14.9 billion in 2025. Brazilian diesel imports from Russia surged from US$95 million in 2022 to US$4.5 billion in 2024 — a 4,600% increase.

Russia supplies 27% of Brazil’s imported fertilizers, without which the agricultural sector generating a quarter of GDP cannot function.

Washington noticed. The Sanctioning Russia Act of 2025 threatens 500% tariffs on countries buying Russian petroleum, naming Brazil alongside India and China.

Trump already hit India with a 25% secondary tariff. Petrobras pledged US$900 million to reopen fertilizer plants by 2028, but that covers only 35% of urea demand.

The pattern troubles the opposition. Last August, a U.S.-sanctioned Russian cargo plane spent three days at Brasília Air Base before flying to Venezuela.

The government disclosed nothing until the Air Force later confirmed a “diplomatic mission” — and refused to reveal the cargo.

This week’s agenda goes further: defense, space, and Russian nuclear reactor technology for a country where Moscow already supplies enriched uranium.

For anyone watching from abroad, the question is simple: Brazil’s government is betting cheap Russian energy outweighs the risk of American retaliation. If wrong, ordinary Brazilians — and global food prices — pay the bill.

Download full report here.

Related coverage: Brazil’s Morning Call | Chile Closes 2025 With a Surprise Growth Beat, but Mining Wo This is part of The Rio Times’ daily coverage of Latin American news and financial markets.

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