Brazil is facing escalating tensions involving the application of the US Magnitsky Act and a high-profile judicial and political crisis. Brazilian Supreme Court Justice Alexandre de Moraes, who has been sanctioned by the US government, warned that Brazilian banks could face penalties if they comply with US sanctions by seizing or blocking domestic assets. This has created uncertainty within Brazil's banking sector, as banks must navigate conflicting pressures between US sanctions and domestic legal rulings. The decision by Minister Flávio Dino related to the Magnitsky Act has been criticized for increasing this uncertainty, with experts highlighting the delicate position of financial institutions. Meanwhile, the Brazilian Federal Police have indicted former President Jair Bolsonaro and his son, Congressman Eduardo Bolsonaro, for coercion of authorities in connection with an ongoing investigation into an attempted coup. Investigations revealed messages in which Eduardo Bolsonaro insulted his father, and evidence also implicated evangelical pastor Silas Malafaia, who has been subject to a police operation including the seizure of his cellphone and passport. Malafaia has publicly criticized Justice Moraes and has been barred from leaving Brazil. Additionally, a US military aircraft linked to the CIA landed and operated in Brazil without proper identification, prompting scrutiny from Brazilian authorities. Justice Moraes expressed confidence that US sanctions against him might be reversed under President Donald Trump, citing a lack of consensus within the US government. The international press has noted the indictments of the Bolsonaros, underscoring the broader political and legal turmoil in Brazil related to the Magnitsky Act and the attempted coup investigation.
La Policía Federal de #Brasil🇧🇷 denunció al expresidente Jair Bolsonaro y su hijo Eduardo por supuestamente “coaccionar” al Tribunal Supremo de Justicia para intentar obstruir el juicio que enfrentan por intento de golpe de Estado https://t.co/tkZMplzc7c
Lauro Jardim [@laurojardim]: As provas de que Malafaia tentou obstrução de Justiça no esquema da trama golpista https://t.co/n48oqjpIv3
Brazil police accuse Bolsonaro and son of obstructing coup trial https://t.co/zin5qD7PCt https://t.co/2aC9DcxLts