AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,546 Increased By 137.4 (1.85%)
BR30 24,809 Increased By 772.4 (3.21%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

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.