Beijing's decision, published this Tuesday (19), coincides with the start of Javier Milei's term at the helm of the South American country
Javier Milei and Xi Jinping
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Sputnik Brazil According to the North American agency REDD, in October 2023, China suspended financing of US$6.5 billion (R31.6 billion) from a foreign exchange swap line for Argentina, part of an agreement between then Argentine President Alberto Fernández and his Chinese counterpart Xi Jinping was intelligence officer, citing Argentine government sources.
Beijing's decision, published this Tuesday (19) by the agency, coincides with the start of the term of Javier Milei at the head of the South American country, who has announced since his campaign as a presidential candidate that he will strengthen relations with communist countries, including also to cancel China.
The money was used to pay off part of the debt US$2.6 billion (around R$13 billion) out of a total of US$44 billion (around R$220 billion) to the International Monetary Fund (IMF).
Last week, Milei resumed his anticommunist beliefs and sent a letter to Xi Jinping calling for the renewal of the currency swap with Beijing. The first contact with Beijing took place between Argentine Chancellor Diana Mondino and Chinese envoy Wu Weihua at the inauguration of Milei, which took place on December 10. In November, Milei even thanked Xi Jinping for his letter congratulating him on his victory.
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WEAR WITH SQUID Milei also had to rehabilitate himself after making offensive speeches against Brazilian President Luiz Inácio Lula da Silva during the election campaign.
“Corrupt” and “communist” were the adjectives that the elected Argentine president applied to the Brazilian president when he announced that Buenos Aires would not do business with countries he defined as communist, which included Brazil.
Days later, his position changed he himself declared that he would invite Lula to the inauguration and sent Chancellor Diana Mondino to Brasília to invite Lula to the inauguration. In response, the Brazilian government sent Chancellor Mauro Vieira to represent the president.