FILE PHOTO: Brazilian Finance Minister Dario Durigan speaks during a ministerial meeting at the Planalto Palace in Brasilia, Brazil, March 31, 2026. REUTERS/Adriano Machado/File Photo
FILE PHOTO: Brazilian Finance Minister Dario Durigan speaks during a ministerial meeting at the Planalto Palace in Brasilia, Brazil, March 31, 2026. REUTERS/Adriano Machado/File Photo
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World News

Brazil minister says US terrorist designation of local gangs could impact economy

SAO PAULO, May 29 (Reuters) – A U.S. decision to designate the two biggest Brazilian drug gangs as terrorist organizations could impact Latin America’s largest economy on several fronts, including by jeopardizing foreign investments, Brazil’s Finance Minister Dario Durigan said on Friday.

In an interview with local network GloboNews, Durigan said the designation may pose a risk for investing in Brazil that did not exist before. U.S. Secretary of State Marco Rubio announced the decision on Thursday.

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(Reporting by Fernando Cardoso, Editing by Rosalba O’Brien)

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