“Russia and Brazil intend to maintain and develop trade relations, with a particular focus on the supply of Russian fertilizers, according to the head of the Russian diplomatic mission, Alexei Labetsky. Labetsky noted that Brazil is Russia’s main trading partner in Latin America, with trade turnover reaching almost $7.5 billion last year. During Brazilian President Jair Bolsonaro’s official visit to Russia and his talks with Russian President Vladimir Putin, both sides emphasized their mutual interest in developing trade, economic, and investment ties. Russian fertilizers play an important role in supporting and developing agricultural production in Brazil, which has become a locomotive of the country’s economy. Both Russia and Brazil are committed to ensuring that the progress made in previous periods continues to work and grow in the future.
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