Русский
Brazil is ready to cooperate with Russia on rare earth metals, Brazil’s ambassador to Moscow Sergio Rodrigues dos Santos has stated, adding that such cooperation between the countries has potential.
Santos stated that “We need to find ways to cooperate, and Brazil is certainly open to dialogue with Russia, both in the area of extraction and production, and in the processing of these resources. At the same time, everything must be carried out in accordance with the laws of both countries, as these are areas governed by national regulations as well as international obligations. I believe there is potential here, and we are certainly ready to discuss this cooperation. Brazil and Russia are countries with extensive reserves of strategically important minerals, including rare earth metals. Brazil has significant reserves of critical minerals such as niobium, graphite, manganese, and others. These materials, for example, are important for the production of certain types of steel, batteries, and accumulators. We also have significant reserves of lithium.”
Russia and Brazil are also working to increase trade volumes in their national currencies, with dos Santos adding “Trade in national currencies between Russia and Brazil is not comparable to trade in national currencies between Russia and India or Russia and China. However, we are working to make this possible and increase the volume of transactions in national currencies. The large trade deficit between the two countries limits the use of national currencies for trade and commercial transactions. We have a significant trade deficit with Russia, so we need to think about how we can resolve this issue.”
2025 Russia-Brazil bilateral trade reached about US$14.9 billion with about 90% of this in Russia’s favour. The two countries have a rapidly growing trade relationship, with Russia also investing heavily in significant industrial sectors such as nuclear energy and uranium processing. Russian energy, agriculture, and fertilizer exports have also boomed in recent years. New Brazilian consumer products are also finding their way into Russian supermarkets, including coffee, sugar, fruits, and some dairy products, along with wines and spirits.
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