Argentinian

Brazil has summoned Argentina’s top diplomat in the country to answer questions about right-wing candidate Flavio Bolsonaro, who fled first to Argentina, then to the United States, after losing Sunday’s presidential election.

On Thursday, Brazil’s Foreign Ministry called in Argentina’s charge d’affaires, Maria Emilia Cortes, sources inside the government told the news agency Reuters.

Argentina’s Foreign Minister Pablo Quirno, however, has denied on social media that his government received a formal request for explanations regarding Bolsonaro’s decision to flee into Argentina late on Tuesday.

The circumstances surrounding Bolsonaro’s departure threaten to further strain relations between Brazil’s recently re-elected President Luiz Inacio Lula da Silva and his Argentinian counterpart, libertarian Javier Milei.

After Sunday’s election, Bolsonaro was given a deadline to surrender his passports. Officials ordered him to remain in the country as part of an ongoing legal case.

He is part of an ongoing investigation into a money-laundering scheme, known as the Banco Master scandal.

Investigators are probing a multimillion-dollar payment Bolsonaro received from Banco Master’s former head, Daniel Vorcaro, allegedly to finance a film about his father, former President Jair Bolsonaro.

The younger Bolsonaro has denied any wrongdoing and called the case politically motivated.

A senator since 2019, Bolsonaro ran this year as the right-wing presidential candidate for his father’s political movement, the Liberal Party.

But after advancing to the run-off, the senator fell short by more than 4 million votes. Lula won Sunday’s race with 51.8 percent of the vote, securing a historic fourth non-consecutive term.

Bolsonaro, however, has refused to concede, though the Liberal Party has acknowledged Lula’s victory.

Instead, he made an unsubstantiated allegation of electoral malfeasance, pointing to a Supreme Court decision to extend voting hours on Sunday.

Both candidates’ campaigns had requested extensions, though for different reasons: Bolsonaro’s camp pointed to inclement weather delaying voters in parts of Brazil, while Lula’s party raised concerns about efforts to restrict public transport on election day.

But Bolsonaro argued that the last-minute extension had disadvantaged voters in regions considered right-wing strongholds.

After arriving in Miami on Wednesday, he declared himself the “legitimate president-elect” of Brazil.

He, his wife and two daughters had travelled from Brazil through northern Argentina, before boarding a chartered aircraft that passed through Ecuador to reach the US.

US President Donald Trump and Milei, both right-wing leaders, have been openly supportive of the Bolsonaro family.

The Brazilian senator later thanked Milei for his assistance, although he did not provide details about the nature of the help. A spokesperson for the Argentinian president described the journey as a rescue.

Bolsonaro, the spokesperson said, had escaped “from the claws of communism, which seeks to imprison all opposition figures”.

Trump, too, has suggested that Sunday’s election was “rigged”, though he declined to “take sides” after the result was announced.

The US president has previously issued sanctions and tariffs in response to the prosecution of Jair Bolsonaro, after the former Brazilian president denied his defeat in the 2022 election. He was convicted in 2024 of plotting a coup to prevent Lula from taking power and sentenced to 27 years in prison.

Relations between Lula and Milei have been strained since the Argentinian leader took office in 2023. Milei has repeatedly criticised Lula.

The diplomatic dispute follows an earlier deterioration in relations, with the South American countries each recalling their ambassadors in August after a series of public disagreements.

President Javier Milei’s role in cryptocurrency launch does not translate into a fraudulent scheme, judge says.

An Argentinian federal judge has dropped a criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of a cryptocurrency he promoted online.

Judge Marcelo Martinez de Giorgi issued the decision on Friday, according to court records, ending an inquiry into Milei’s role in the launch of the $Libra token, which crashed after a brief rally.

“The reported events do not constitute a criminal offence,” the judge said in a ruling. He also wrote that investor losses and the rise and fall in the currency’s price were insufficient to establish fraud.

In his ruling, Martinez de Giorgi said that Milei’s institutional standing could have given the launch “greater impact” when he posted about it, but that does not translate into a fraudulent scheme.

Javier Milei recommended the little-known meme coin in a post on X in February 2025. He later deleted the post and denied any link to the cryptocurrency, whose value soon plunged.

The judge also dismissed an investigation into US businessman Hayden Davis, who described himself as a “launch adviser” for the token. Davis has acknowledged that he held close to $100m after the crash and denies any wrongdoing.

“For the first time in history, a President of the Nation was investigated with complete freedom, resulting in absolute proof of his innocence,” read a post shared on X by the official presidential office.

“The question that remains is this: Who will take responsibility for having wasted Argentine taxpayers’ money and the President of the Nation’s time in a failed attempt at an institutional coup?”

Milei’s friendship with Trump

Milei is one of US President Donald Trump’s closest allies. Trump firmly backed him a year ago and has called him his “favourite president”.

Trump made clear the support hinged on a victory for Milei’s party.

“I’m with this man because his philosophy is correct,” he said ahead of a White House lunch with the Argentinian leader last year. “If he wins, we’re staying with him. And if he doesn’t win, we’re gone.”

Earlier this month, Milei urged Trump to emerge stronger from the US midterm elections, saying the vote mattered for the West as a whole.

Austerity at home

Since taking office in 2023, Milei has laid off thousands of state employees, shut ministries, cut subsidies and reduced government-funded programmes. The measures were meant to fight high inflation, which has fallen to about 2 percent a month.

Milei says his plan is working, claiming that Argentina has grown for 27 consecutive months and is expanding at four times its historical rate.

When the coin crashed, Milei said he had acted “in good faith” and accused his political rivals of trying to exploit the situation.