Brazil's Lula advocates for global peace and economic cooperation.

Brazilian President Luiz Inacio Lula da Silva has proposed joint mediation for Russia's war in Ukraine with China and the UAE, accusing the US and Europe of prolonging the conflict. Lula suggested the formation of a "political G20" to end the war and establish peace. He also discussed the possibility of a new currency for transactions between BRICS countries and signed deals worth $10 billion in China. The UAE and Brazil announced a series of deals, including a $2.5 billion investment for a biodiesel project by the UAE-controlled Mataripe refinery in Brazil.