BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.56 Decreased By ▼ -0.11 (-1.65%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 55.89 Decreased By ▼ -0.28 (-0.5%)
BOP 30.05 Decreased By ▼ -0.07 (-0.23%)
CNERGY 12.75 Decreased By ▼ -0.23 (-1.77%)
CSIL 5.21 Decreased By ▼ -0.10 (-1.88%)
FCCL 51.00 Decreased By ▼ -0.65 (-1.26%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.58 Decreased By ▼ -0.26 (-4.45%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 90.33 Decreased By ▼ -0.90 (-0.99%)
NBP 161.45 Decreased By ▼ -2.74 (-1.67%)
NCPL 52.55 Decreased By ▼ -0.63 (-1.18%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 315.40 Increased By ▲ 2.01 (0.64%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.73 Decreased By ▼ -0.51 (-1.45%)
PIBTL 14.23 Decreased By ▼ -0.48 (-3.26%)
PPL 221.00 Decreased By ▼ -0.36 (-0.16%)
PRL 90.89 Decreased By ▼ -0.33 (-0.36%)
PTC 59.25 Increased By ▲ 0.06 (0.1%)
SSGC 23.39 Increased By ▲ 0.09 (0.39%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.40 Decreased By ▼ -0.21 (-2.76%)
TPL 21.00 Decreased By ▼ -1.03 (-4.68%)
TPLP 12.02 Decreased By ▼ -0.54 (-4.3%)
TREET 21.33 Decreased By ▼ -0.40 (-1.84%)
TRG 54.35 Decreased By ▼ -1.44 (-2.58%)
By

MADRID: Brazilian President Luiz Inacio Lula da Silva criticized the Russian invasion of Ukraine on Tuesday, but said no one is talking about peace in what he called an "insane war."

Speaking during a visit to Spain, Lula said he is committed to finding a peace formula to end the conflict.

"I understand the European view of this war. It is unacceptable that one country invades another, but it is a war in which I do not see anyone talking about peace," he said in speech at a business conference.

Lula angered many in the West this month when he called for the U.S. and European allies to stop supplying arms to Ukraine saying they were prolonging the war, prompting a White House spokesperson to accuse him of "parroting Russian and Chinese propaganda."

After the backlash, the Brazilian leader toned down his comments and on a visit to Portugal and Spain he has condemned Russia's violation of Ukraine's territorial integrity.

Brazil’s Lula calls for ‘peace group’ to broker Ukraine-Russia deal

In Spain, Lula again called for more peace efforts "so that Ukraine can keep its territory", backtracking a recent suggestion that the invaded country needs to make concessions to end the war and Russia should return recently invaded territory but could keep Crimea.

Lula talked about investments by Spanish companies in Brazil, mentioning a major infrastructure program to be launched in May that will be "promising" for Spain's firms.

"We want to attract a new wave of Spanish investments," he told the business audience.

A senior Spanish government official said his country's companies are expected to gain better access to public procurement in Brazil after Lula's visit to Madrid.

Brazil and other members of the Mercosur trade bloc are discussing concluding a trade agreement with the European Union that he hopes will happen before the end of the year, Lula said.

"We want a balanced agreement that will contribute to the re-industrialization of Brazil," he said, reinforcing his view of his country's need for technology and not just imported manufactured goods.

Comments

Comments are closed for this article.