Iran could become an option for Brazil after Western sanctions on Russian fertilizers. According to Agência Senado, Brazil is in discussions with U.S. secretary of state, Anthony Blinken, for a truce that would allow Brazilian companies to buy fertilizers from Iran. “These negotiations are necessary because of the sanctions against Iran made by the United States. Brazilian companies do not feel safe to purchase Iranian fertilizers, as business with Iran can lead to U.S. sanctions”, said the agency. Carlos Franca, Brazilian Foreign Affairs minister, pointed out that Iran has a large surplus of fertilizers and intends to sell it to Brazil, but Brazilian importers have problems in negotiating. “Iranian fertilizers even make it easier for Brazilian companies to better serve European markets and the United States itself,” he said.
Source: Agrolink (*Translated by Ia Niani)