IBOV 177,261.94 ▼ 0.41% IPSA 10,986.47 ▼ 0.28% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.24% USD/MXN17.33▲ 0.12% USD/CLP925.14▼ 0.64% USD/COP3,237▲ 1.07% USD/PEN3.38▼ 0.37% USD/ARS1,493▲ 0.50% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.00▲ 0.02% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.15% BRENT 83.60 ▼ 7.23% WTI 80.06 ▼ 5.44% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.40% GOLD 4,092 ▲ 1.06% SILVER 57.95 ▲ 0.62% SOY 1,193 ▲ 1.81% CORN 471.75 ▲ 7.03% WHEAT 652.25 ▲ 2.03% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 158.35 ▲ 2.19% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 226.93 ▼ 2.08% CATTLE 342.23 ▼ 1.67% LITHIUM 69.20 ▼ 0.03% PETR4 42.79 ▼ 1.45% VALE3 74.43 ▼ 2.43% ITUB4 42.94 ▲ 0.16% BBDC4 18.50 ▲ 0.48% ABEV3 15.85 ▼ 0.88% BBAS3 21.22 ▼ 0.61% B3SA3 15.64 ▼ 0.57% WEGE3 48.06 ▲ 1.82% PRIO3 58.70 ▼ 3.53% SUZB3 43.35 ▲ 0.07% RENT3 38.09 ▲ 1.28% AZZA3 16.25 ▼ 1.04% CSAN3 4.08 ▲ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.40 ▼ 0.55% CVCB3 1.44 ▲ 9.92% POSI3 3.55 — 0.00% SLCE3 13.43 ▲ 0.37% NATU3 8.47 ▲ 1.07% BRKM5 5.86 ▼ 1.84% RANI3 8.38 ▲ 3.33% CSNA3 4.64 ▼ 4.13% CMIN3 5.65 ▼ 1.05% USIM5 7.54 ▲ 2.45% GGBR4 25.31 ▲ 1.32% ENEV3 26.79 ▲ 1.82% CPFE3 45.76 ▼ 0.82% CMIG4 11.14 ▼ 1.76% EQTL3 38.74 ▲ 0.21% LREN3 13.92 ▲ 2.35% VIVT3 32.33 ▼ 0.92% RAIL3 14.19 ▼ 1.73% KLABIN 18.26 ▲ 0.05% RAIA DROGASIL 18.65 ▲ 0.92% RDOR3 34.18 ▼ 1.33% HAPV3 11.76 ▲ 4.26% FLRY3 17.25 ▲ 0.64% SMTO3 14.40 ▼ 0.83% UGPA3 32.90 ▼ 0.45% VBBR3 36.17 ▲ 0.33% BBSE3 41.54 ▲ 0.68% BPAC11 57.01 ▲ 0.37% CURY3 31.41 ▲ 4.39% AERI3 2.17 ▲ 0.93% VIVARA 22.68 ▲ 2.25% COMPASS 24.89 ▲ 0.20% VAMOS 3.31 ▼ 0.90% SANB11 28.59 ▼ 0.10% ASAI3 8.50 — 0.00% SBSP3 27.21 ▼ 1.77% WALMEX 49.81 ▼ 0.88% GMEXICO 212.34 ▲ 2.22% FEMSA 216.80 ▼ 2.10% CEMEX 20.68 ▲ 0.83% GFNORTE 198.24 ▼ 1.17% BIMBO 61.58 ▼ 0.61% TELEVISA 9.69 ▼ 1.22% AMX 21.54 ▼ 2.40% GAP 374.97 ▼ 0.41% ASUR 276.75 ▲ 0.41% OMA 231.69 ▲ 0.16% KOF 185.37 ▼ 1.01% GRUMA 263.00 ▲ 1.85% KIMBER 40.01 ▼ 0.47% SQM-B 61,740 ▼ 1.53% COPEC 6,275 ▼ 1.18% BSANTANDER 79.94 ▼ 1.30% FALABELLA 6,277 ▲ 0.99% ENELAM 87.70 ▼ 0.33% CENCOSUD 1,945 ▼ 0.49% CMPC 1,065 ▲ 0.96% BANCO CHILE 190.88 ▼ 1.46% LATAM AIR 25.27 ▲ 2.14% YPF 8,130 ▼ 1.93% GGAL 7,965 ▲ 1.06% PAMPA 5,500 ▼ 0.99% TXAR 656.00 ▼ 0.53% ALUAR 964.50 ▼ 1.33% TGS 9,950 ▼ 1.00% CEPU 2,375 ▼ 0.88% MIRGOR 1,700 ▼ 89.60% COME 43.43 ▼ 1.36% LOMA NEGRA 3,560 ▼ 1.66% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,390 ▼ 0.40% ECOPETROL 16.57 ▼ 1.19% BANCOLOMBIA 90.59 ▼ 2.09% GRUPO AVAL 5.17 ▼ 2.08% CREDICORP 396.00 ▼ 1.14% SOUTHERN COPPER 185.12 ▲ 1.32% BUENAVENTURA 30.31 ▲ 0.08% MERCADOLIBRE 1,897 ▲ 1.04% NUBANK 14.45 ▲ 0.80% XP 17.03 ▼ 0.21% PAGSEGURO 9.66 ▲ 0.16% STONE 11.29 ▼ 0.79% GLOBANT 37.46 ▲ 2.35% TECNOGLASS 46.00 ▲ 5.89% GAP AIRPORT 215.53 ▼ 0.84% ASUR 276.75 ▲ 0.41% OMA AIRPORT 106.84 ▼ 0.05% AMX ADR 24.73 ▼ 2.45% FEMSA ADR 124.40 ▼ 2.80% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.02 ▼ 1.96% VALE ADR 14.58 ▼ 3.19% ITAU ADR 8.45 ▼ 0.18% SANTANDER BR 5.68 ▲ 0.09% AMBEV ADR 3.07 ▼ 1.29% CSN 0.92 ▼ 6.30% GERDAU 5.00 ▲ 0.71% LATAM ADR 54.52 ▲ 3.34% BTC 63,903 ▲ 0.66% ETH 1,869 ▼ 0.73% SOL 73.64 ▲ 0.26% XRP 1.08 ▼ 0.31% BNB 591.92 ▲ 0.74% ADA 0.19 ▲ 1.24% DOGE 0.07 ▼ 0.57% AVAX 6.53 ▼ 0.18% LINK 8.25 ▼ 1.48% DOT 0.83 ▲ 3.67% LTC 44.17 ▼ 1.04% BCH 214.00 ▲ 0.70% TRX 0.33 ▲ 0.80% XLM 0.17 ▼ 1.40% HBAR 0.07 ▲ 1.00% NEAR 1.74 ▲ 1.60% ATOM 1.35 ▲ 6.89% AAVE 93.52 ▲ 1.65% SELIC 14.25% EMBRAER 90.23 ▲ 3.84% EMBRAER ADR 70.93 ▲ 3.81% JBS 13.81 ▼ 1.53% JBS BDR 70.23 ▼ 0.66% MBRF3 17.72 ▲ 1.03% MBRFY 3.42 ▼ 0.58% INTER 5.61 ▲ 0.09% IBOV 177,261.94 ▼ 0.41% IPSA 10,986.47 ▼ 0.28% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▲ 0.24% USD/MXN 17.33 ▲ 0.12% USD/CLP 925.12 ▼ 0.64% USD/COP 3,237 ▲ 1.07% USD/PEN 3.38 ▼ 0.37% USD/ARS 1,493 ▲ 0.50% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.00 ▲ 0.02% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.15% BRENT 83.60 ▼ 7.23% WTI 80.06 ▼ 5.44% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.40% GOLD 4,092 ▲ 1.06% SILVER 57.95 ▲ 0.62% SOY 1,193 ▲ 1.81% CORN 471.75 ▲ 7.03% WHEAT 652.25 ▲ 2.03% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 158.35 ▲ 2.19% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 226.93 ▼ 2.08% CATTLE 342.23 ▼ 1.67% LITHIUM 69.20 ▼ 0.03% PETR4 42.79 ▼ 1.45% VALE3 74.43 ▼ 2.43% ITUB4 42.94 ▲ 0.16% BBDC4 18.50 ▲ 0.48% ABEV3 15.85 ▼ 0.88% BBAS3 21.22 ▼ 0.61% B3SA3 15.64 ▼ 0.57% WEGE3 48.06 ▲ 1.82% PRIO3 58.70 ▼ 3.53% SUZB3 43.35 ▲ 0.07% RENT3 38.09 ▲ 1.28% AZZA3 16.25 ▼ 1.04% CSAN3 4.08 ▲ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.40 ▼ 0.55% CVCB3 1.44 ▲ 9.92% POSI3 3.55 — 0.00% SLCE3 13.43 ▲ 0.37% NATU3 8.47 ▲ 1.07% BRKM5 5.86 ▼ 1.84% RANI3 8.38 ▲ 3.33% CSNA3 4.64 ▼ 4.13% CMIN3 5.65 ▼ 1.05% USIM5 7.54 ▲ 2.45% GGBR4 25.31 ▲ 1.32% ENEV3 26.79 ▲ 1.82% CPFE3 45.76 ▼ 0.82% CMIG4 11.14 ▼ 1.76% EQTL3 38.74 ▲ 0.21% LREN3 13.92 ▲ 2.35% VIVT3 32.33 ▼ 0.92% RAIL3 14.19 ▼ 1.73% KLABIN 18.26 ▲ 0.05% RAIA DROGASIL 18.65 ▲ 0.92% RDOR3 34.18 ▼ 1.33% HAPV3 11.76 ▲ 4.26% FLRY3 17.25 ▲ 0.64% SMTO3 14.40 ▼ 0.83% UGPA3 32.90 ▼ 0.45% VBBR3 36.17 ▲ 0.33% BBSE3 41.54 ▲ 0.68% BPAC11 57.01 ▲ 0.37% CURY3 31.41 ▲ 4.39% AERI3 2.17 ▲ 0.93% VIVARA 22.68 ▲ 2.25% COMPASS 24.89 ▲ 0.20% VAMOS 3.31 ▼ 0.90% SANB11 28.59 ▼ 0.10% ASAI3 8.50 — 0.00% SBSP3 27.21 ▼ 1.77% WALMEX 49.81 ▼ 0.88% GMEXICO 212.34 ▲ 2.22% FEMSA 216.80 ▼ 2.10% CEMEX 20.68 ▲ 0.83% GFNORTE 198.24 ▼ 1.17% BIMBO 61.58 ▼ 0.61% TELEVISA 9.69 ▼ 1.22% AMX 21.54 ▼ 2.40% GAP 374.97 ▼ 0.41% ASUR 276.75 ▲ 0.41% OMA 231.69 ▲ 0.16% KOF 185.37 ▼ 1.01% GRUMA 263.00 ▲ 1.85% KIMBER 40.01 ▼ 0.47% SQM-B 61,740 ▼ 1.53% COPEC 6,275 ▼ 1.18% BSANTANDER 79.94 ▼ 1.30% FALABELLA 6,277 ▲ 0.99% ENELAM 87.70 ▼ 0.33% CENCOSUD 1,945 ▼ 0.49% CMPC 1,065 ▲ 0.96% BANCO CHILE 190.88 ▼ 1.46% LATAM AIR 25.27 ▲ 2.14% YPF 8,130 ▼ 1.93% GGAL 7,965 ▲ 1.06% PAMPA 5,500 ▼ 0.99% TXAR 656.00 ▼ 0.53% ALUAR 964.50 ▼ 1.33% TGS 9,950 ▼ 1.00% CEPU 2,375 ▼ 0.88% MIRGOR 1,700 ▼ 89.60% COME 43.43 ▼ 1.36% LOMA NEGRA 3,560 ▼ 1.66% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,390 ▼ 0.40% ECOPETROL 16.57 ▼ 1.19% BANCOLOMBIA 90.59 ▼ 2.09% GRUPO AVAL 5.17 ▼ 2.08% CREDICORP 396.00 ▼ 1.14% SOUTHERN COPPER 185.12 ▲ 1.32% BUENAVENTURA 30.31 ▲ 0.08% MERCADOLIBRE 1,897 ▲ 1.04% NUBANK 14.45 ▲ 0.80% XP 17.03 ▼ 0.21% PAGSEGURO 9.66 ▲ 0.16% STONE 11.29 ▼ 0.79% GLOBANT 37.46 ▲ 2.35% TECNOGLASS 46.00 ▲ 5.89% GAP AIRPORT 215.53 ▼ 0.84% ASUR 276.75 ▲ 0.41% OMA AIRPORT 106.84 ▼ 0.05% AMX ADR 24.73 ▼ 2.45% FEMSA ADR 124.40 ▼ 2.80% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.02 ▼ 1.96% VALE ADR 14.58 ▼ 3.19% ITAU ADR 8.45 ▼ 0.18% SANTANDER BR 5.68 ▲ 0.09% AMBEV ADR 3.07 ▼ 1.29% CSN 0.92 ▼ 6.30% GERDAU 5.00 ▲ 0.71% LATAM ADR 54.52 ▲ 3.34% BTC 63,903 ▲ 0.66% ETH 1,869 ▼ 0.73% SOL 73.64 ▲ 0.26% XRP 1.08 ▼ 0.31% BNB 591.92 ▲ 0.74% ADA 0.19 ▲ 1.24% DOGE 0.07 ▼ 0.57% AVAX 6.53 ▼ 0.18% LINK 8.25 ▼ 1.48% DOT 0.83 ▲ 3.67% LTC 44.17 ▼ 1.04% BCH 214.00 ▲ 0.70% TRX 0.33 ▲ 0.80% XLM 0.17 ▼ 1.40% HBAR 0.07 ▲ 1.00% NEAR 1.74 ▲ 1.60% ATOM 1.35 ▲ 6.89% AAVE 93.52 ▲ 1.65% SELIC 14.25% EMBRAER 90.23 ▲ 3.84% EMBRAER ADR 70.93 ▲ 3.81% JBS 13.81 ▼ 1.53% JBS BDR 70.23 ▼ 0.66% MBRF3 17.72 ▲ 1.03% MBRFY 3.42 ▼ 0.58% INTER 5.61 ▲ 0.09%
since 2009
Monday, August 3, 2026

Fernández’s Stance Regarding Maduro Impacts Brazil/Argentina Relationship

By · January 8, 2020 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Argentinian President Alberto Fernández has chosen to distance himself from the policy of isolation from Venezuela’s autocratic leader Nicolás Maduro that characterized his predecessor, Mauricio Macri.

The president who came to power in December is also unwilling to be an unconditional ally of the Venezuelan leader, unlike former president Cristina Kirchner (2007-2015), now Argentina’s vice-president.

In its new foreign policy, Argentina, like Mexico, is betting on a third option to find a peaceful solution to Venezuela’s political and economic crisis.

“The Argentine government deeply regrets the events that took place today in the Bolivarian Republic of Venezuela“, said the Foreign Office in a communiqué issued on Sunday night.

Argentina repudiated the blockade by Parliament and the ruling maneuver that ended with the self-proclamation of the opposition dissident Luis Parra as President of the National Assembly of Venezuela, after his election with the support of Chavists under Maduro.

“The hostile acts suffered by deputies, journalists and members of the diplomatic body when attempting to enter the National Assembly building to elect the new authorities of its presidential board are unacceptable to democratic coexistence,” added the Ministry of Foreign Relations, now led by Felipe Solá.

Fernández’s government avoided speaking of a coup by Maduro in the National Assembly, but urged Venezuelan political forces to restore dialogue “on a basis of full respect for freedoms and institutional mechanisms”.

Argentina’s change of stance left Brazil as the main advocate of the hard-line against Maduro in the Lima Group, founded in 2017 to assist the Venezuelan opposition in its search for a solution to the crisis.

Just six months ago, under the presidency of Macri, the foreign ministers of the bloc’s member countries – including Peru, Colombia, Chile, and Paraguay – met in Buenos Aires to support Guaidó and warn that human rights violations “leave no room for some countries to continue supporting Maduro’s illegitimate regime”.

Argentina repudiated the blockade by Parliament and the ruling manoeuvre that ended with the self-proclamation of the opposition dissident Luis Parra as President of the National Assembly of Venezuela with the support of chavismo.
Argentina repudiated the blockade by Parliament allegedly forcing Juan Guaidó to climb the fence to enter the National Assembly of Venezuela. (Photo: Internet Reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The Macri supporters, now in opposition, asked Fernández to immediately convene a Mercosur meeting to repudiate the appointment of new parliamentary authorities, a proposal that does not seem to be accepted.

“Preventing the access and the deliberation of the interim president [Juan Guaidó] and of more than 40 deputies by the Armed Forces and police not only delegitimizes the fraudulently elected deputy but also explicitly indicates a real ‘Coup d’Etat’ that cannot be endorsed or consented,” the conservative alliance’ Together for Change’ said in a statement.

Fernandez’s change of regional agenda is not limited to Venezuela, it is also visible with neighboring Brazil and Bolivia. Buenos Aires and Brasília are condemned to dealing with each other for their important bilateral trade, but the lack of harmony between the two presidents could complicate the relationship.

Jair Bolsonaro campaigned for Macri’s re-election and refused to congratulate the president-elect on his victory. Shortly thereafter, he suggested that should the Argentinian government refuse to join the free trade agreement signed between Mercosur and the European Union, “it will have to be removed” as a member of the regional bloc, in which Fernández is currently the only leader who is not from the right-wing.

The relationship with Bolivia is marked by the Argentinian government’s decision to grant Evo Morales asylum. From Buenos Aires, the former Bolivian president, who resigned after losing the support of the Armed Forces, attacks the interim Bolivian president, Jeanine Áñez, on a daily basis and attempts to determine the candidate for his party Movement for Socialism (MAS) who will contest the presidential elections on May 3rd.

Fernandez's change of regional agenda is not limited to Venezuela, it is also visible with neighboring Brazil and Bolivia.
Fernandez’s change of regional agenda is not limited to Venezuela, it is also visible with neighboring Brazil and Bolivia. (Photo: Internet Reproduction)

The United States, in favor of supporting Áñez and the electoral process, expressed unease over the stance adopted towards Caracas and the refuge granted to Morales.

On December 10th, a representative of Donald Trump’s cabinet flew to Buenos Aires for the inauguration of the Argentine president, but did not attend the ceremony upon learning that a member of Maduro’s government, condemned by Trump’s administration, was among those present.

Some US officials warned days ago that Argentina’s foreign policy could endanger their government’s support for the South American country in negotiations with the International Monetary Fund for debt repayment, and rule out any investment in shale gas and oil in the Vaca Muerta fields.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.