São Paulo, June 2: Brazil’s Finance Minister, Dario Durigan, announced on Monday that he will meet with U.S. officials this week. The agenda includes discussions on designating criminal organizations as “international terrorist groups.” This move could pose a threat to Brazil’s economic sovereignty.
According to a report by Xinhua News Agency, Durigan expressed concerns that labeling Brazil’s two major criminal gangs, “Primeiro Comando da Capital” and “Comando Vermelho,” as terrorists could lead to new complications. Such a designation might result in international sanctions that could adversely affect Brazil’s instant payment system, PIX, jeopardizing the country’s economic independence.
In an interview with CBN Radio, Durigan warned that this U.S. action could impact Brazilian financial institutions and even threaten the operations of PIX.
He stated that these criminal groups spread “social terror” and disrupt public services in various regions. However, they do not meet the criteria set by U.S. law for being classified as international terrorist organizations.
“They do not attack the U.S. or affect its sovereignty. We believe this is a forced and incorrect interpretation of legal standards,” he added.
The Brazilian government is actively working to mitigate any potential economic damage and safeguard the services of PIX. Launched by Brazil’s central bank, PIX is a free digital payment system that has become the most popular method of transaction for Brazilians today.
Durigan linked this issue to a trade dispute initiated by the U.S. under Section 301, which allows Washington to investigate alleged unfair trade practices.
According to the minister, PIX is among the complaints raised by U.S. officials. Additionally, other trade-related issues between the two countries are also on the table for discussion.
He emphasized that there is no solid technical basis for the allegations of unfair trade practices. Furthermore, he expressed concern that the U.S.’s new measures could negatively impact Brazil’s economy. This worry has intensified since August 2025, when former U.S. President Donald Trump imposed a 50% tariff on Brazilian exports, which lasted for nearly four months.
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