3 ms·
Brazil's Financial Stocks Drop on Magnitsky Sanctions Fears
- matheusmoreira 1y ago> Shares of Brazilian financial companies tumbled amid growing fears about the impacts from the US Magnitsky law sanctions on local lenders. > Some of the largest Brazilian banks are concluding that the US sanctions against Justice Alexandre de Moraes apply only to his dollar-based accounts, limiting their potential impact on the country’s financial system > "Brazil appears poised to intensify its confrontation with the United States" following the Supreme Court’s ruling, which has led to sharp declines in Brazilian stocks, especially those in the banking sector
- arresin 1y agoI’m amazed at how much power he has but it’s probably inevitable that the banks will fold.
- matheusmoreira 1y agoIf the banks fold every brazilian will pay the price...
- SilverElfin 1y agoMaybe this is the only way to encourage defense of free speech and fair politics in other countries.
- matheusmoreira 1y agoI believe that. People who protested this judge-king's totalitarian censorship went to jail for 15+ years. Any protest of this court is judged as an "attack on democracy" despite the fact not a single person voted for these judges. It's some kind of surreal newspeak. Trump is the only person in the world doing something about these despots. I waited years for these sanctions and I hope he keeps it up. Sanctioning just 1 guy is not nearly enough, he should sanction the entire court and everybody connected to them. I just hope the rest of the government won't allow these judges to burn the country down just to maintain some silly pretense of "sovereignty".
- deleted 1y ago[deleted]