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Brazil Minister Says US Terrorist Designation of Local Gangs Could Impact Economy

admin3 months ago01 mins
FILE PHOTO: Brazilian Finance Minister Dario Durigan speaks during a ministerial meeting at the Planalto Palace in Brasilia, Brazil, March 31, 2026. REUTERS/Adriano Machado/File Photo

SAO PAULO, ⁠May ⁠29 (Reuters) – A ⁠U.S. decision to ​designate the two ‌biggest Brazilian drug ‌gangs ⁠as ⁠terrorist organizations could impact Latin ​America’s largest economy on several ​fronts, including by jeopardizing ⁠foreign investments, ⁠Brazil’s ⁠Finance Minister ​Dario Durigan said on ​Friday.

Read more Trump Signs Order Aimed at Removing Restrictions on Access to Federal Lands

In ⁠an interview with local network GloboNews, ⁠Durigan said the designation may pose a ⁠risk for investing in Brazil that did not exist before. U.S. Secretary of State Marco ⁠Rubio announced the decision on Thursday.

Read more US, Mexico Conclude First Round of Trade Deal Talks on Autos, Metals, Security

(Reporting by Fernando ​Cardoso, Editing by ​Rosalba O’Brien)

Copyright 2026 Thomson Reuters.

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  • Lindsay Clancy’s Lawyer Asks Judge to Find Her Not Guilty After Mistrial
  • First US Horse Case of Screwworm Detected in Texas Border County
  • Trump Administration to Lend $100 Million to Africell, Countering Huawei in Africa
  • South Korea PM Says First US Investment Project Could Set Cooperation Model
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