President of Brazil, Jair Bolsonaro, visits Russia and highlights the mutual interest to resume trade levels

The president of Brazil, Jair Bolsonaro, highlighted this Wednesday, together with his Russian counterpart, Vladimir Putin, the interest of both countries to resume the levels of bilateral trade and exploit new areas of cooperation.

“We have a fairly fruitful agenda and we see the return of bilateral trade to levels prior to the pandemic” of the coronavirus, which broke out in Brazil in February 2020, Bolsonaro told reporters at the Kremlin.

“Brazil is a power, especially in agribusiness, and there is a lot of interest on our part in the fertilizer trade and we note the Russian interest in Brazilian plants enabled for the acquisition of products of animal origin,” the official concluded.

There is an intense commercial relationship between the two countries, with a balance clearly tilted in favor of Russia, which in 2021 exported products worth 5.7 billion dollars to Brazil, of which 60% corresponded to fertilizer operations.

Brazil’s exports to Russia, also last year, totaled 1,590 million dollars and were made up, above all, of food products.

The official also highlighted the “wide opportunities” in the energy sector to “expand business” in the areas of exploitation of gas, oil and derivatives “.

The “deepening of the high-level dialogue”, stressed the Brazilian president, should also be extended to the areas of “deep waters and hydrogen” and, on the side of the South American country, the “interest in small modular nuclear reactors” was exposed.

“President Putin and I attach high priority to the revitalization of the technological alliance between Brazil and Russia and we will work together in cutting-edge areas such as biotechnology, nanotechnology, artificial intelligence, information technology, and health and ocean research,” he said.

Earlier, in a statement prior to the meeting, Bolsonaro stated that his visit to Russia and the meeting with Putin was “a portrait for the world” of the growth potential “together” of both countries.

Bolsonaro will also be received in Moscow by the authorities of the Duma (lower house of Parliament) and by the businessmen of the Brazil-Russia Business Council, which was re-established last year. (I)