Halfway around the world from Ukraine, war’s impact hits Brazil environment

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By Trey Thoelcke Published
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Halfway around the world from Ukraine, war’s impact hits Brazil environment

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By David Callaway, Callaway Climate Insights

(Michael Molinski is a senior economist at Trendline Economics. He’s worked for Fidelity, Charles Schwab and Wells Fargo, and previously as a foreign correspondent and editor for Bloomberg News and MarketWatch.)

SÃO PAULO (Callaway Climate Insights) — Brazil is enmeshed in a war on trade, fertilizers and the environment due to the war between Russia and Ukraine, half a world away.

Brazil’s far-right president, Jair Bolsonaro, is stuck. On one hand, he defends Russia’s invasion of the Ukraine and he remains neutral on trade, not wanting to enact trade sanctions on Russia as many Latin American countries have done.

On the other hand, Brazil imports 95% of its fertilizers, and Russia is its major supplier, accounting for one-fourth of its fertilizers last year. Since the war broke out, fertilizer exports from Russia have come to a virtual standstill.

“With the Russia/Ukraine war we now face the risk of a lack of potassium or that its price rises,” Bolsonaro wrote on Twitter. . . .

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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