International
Brazil’s Petrobras hikes prices, ignoring Bolsonaro
AFP
Brazilian state-run oil company Petrobras announced hefty increases in gasoline and diesel prices Thursday in response to the Ukraine crisis, ignoring President Jair Bolsonaro’s criticism of what he calls excessive prices.
Petrobras said it would raise the price of gasoline from its refineries by 18.8 percent and diesel by 24.9 percent from Friday, citing the “worldwide surge in the prices of oil and oil derivatives as a result of the war between Russia and Ukraine.”
The company said the move was in line with increases by other fuel suppliers, and emphasized that it had not raised prices in nearly two months.
But the move will likely irk the far-right president, who has been trying to rein in surging fuel prices and inflation more broadly, phenomena which are hurting his popularity as he gears up to seek reelection in October.
Bolsonaro, who regularly criticizes Petrobras for high prices, said Monday the company’s policy of parity with international prices “cannot continue.”
Petrobras shares dove more than seven percent following the comment.
That echoed a stock plunge of more than 20 percent just over a year ago, when Bolsonaro changed Petrobras’s chief executive after saying the company should not be constantly “surprising people” with price increases.
Bolsonaro is pushing for Congress to pass legislation to bring fuel prices down, though experts say the short-term impact would be minimal.
He is also reportedly looking at decreeing emergency subsidies to lower prices.
Both measures are unpopular with fiscal conservatives.
Surging prices in Brazil, where the annual inflation rate stands at 10.38 percent, are a weak spot for Bolsonaro as he eyes a tough reelection battle in seven months, likely against leftist ex-president Luiz Inacio Lula da Silva.
The international oil market has been rocked by volatility since Russia invaded Ukraine two weeks ago.
The Brent crude price hit a peak of $139 a barrel Monday, a 14-year high, before falling to around $116 Thursday.
International
Missile attack hits Kharkiv homes, leaving 13 wounded
Ukrainian President Volodymyr Zelensky said on Friday that a Russian missile attack on residential buildings in the eastern city of Kharkiv has left at least 13 people injured, according to local authorities.
“A horrific Russian attack on Kharkiv,” Zelensky wrote on Telegram, explaining that two missiles were fired, striking residential areas and causing “a number of casualties that is still being clarified.”
Local officials later confirmed that 13 people were injured in the attack, six of whom were hospitalized, including one woman in serious condition.
International
Sheinbaum evacuates National Palace after 6.5-magnitude earthquake hits Southern Mexico
Mexican President Claudia Sheinbaum Pardo evacuated the National Palace on Friday along with journalists and federal government staff after the seismic alert was activated during her morning press conference, triggered by a 6.5-magnitude earthquake with its epicenter in the south of the country.
The alert sounded while the president was speaking from the Treasury Hall, forcing the immediate interruption of the event and the activation of established safety protocols.
“Oh, it’s shaking,” Sheinbaum said as she noticed the tremor, before urging those present to remain calm.
According to preliminary information, the earthquake struck the state of Guerrero, one of Mexico’s most seismically active regions. The National Seismological Service (SSN) reported that the quake occurred at 7:58 a.m. local time (13:58 GMT).
Sheinbaum led the orderly evacuation of the historic building, accompanied by reporters covering the briefing and federal government personnel. Images released afterward show the president waiting in the central courtyard of the National Palace as she awaited guidance from Civil Protection authorities on whether it was safe to resume activities.
International
Canada’s prime minister Mark Carney to join Ukraine peace talks in Paris
Canadian Prime Minister Mark Carney announced on Friday that he will take part in peace negotiations on Ukrainescheduled to be held in Paris on January 5 and 6.
In a statement, the Canadian government said the meeting will bring together countries belonging to the so-called Coalition of the Willing, and aims to “accelerate efforts toward a negotiated peace” in the conflict between Russia and Ukraine, supported by robust security guarantees.
Carney said Canada is working closely with its allies to achieve a “just and lasting peace,” stressing that the Coalition of the Willing must both deter further aggression and reinforce security guarantees, while ensuring that Ukraine is able to rebuild, recover and lay the foundations for genuine prosperity.
The Coalition of the Willing is made up of around 30 countries, the vast majority of them European, all of which are allies of Kyiv.
On Thursday, Ukrainian President Volodymyr Zelensky confirmed that a meeting of the Coalition, alongside other European leaders, will take place in Paris on January 6, focusing on security guarantees for Ukraine in the event of a future peace agreement with Russia.
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