Brazil's Guedes condemns war in Ukraine, but is against economic sanctions on Russia


Brazil's Economy Minister Paulo Guedes speaks during the launching ceremony of the new securitization framework and strengthening of guarantees for Agro business in Brasilia, Brazil March 15, 2022.REUTERS/Adriano Machado/File Photo

BRASILIA (Reuters) -Brazil's Economy Minister Paulo Guedes said on Tuesday the country clearly condemns Russia's invasion of Ukraine, but is against economic sanctions imposed on Moscow, demonstrating it will not take a tough stance against its BRICS partner.

Speaking at an online event hosted by the think tank Center for Strategic and International Studies, Guedes said Russia should not be kicked out of multilateral bodies, such as the International Monetary Fund and the World Bank, which would "destroy bridges" and "stimulate the economic war".

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