Brazil prosecutors search injunction to forestall Bolsonaro gun decree By Reuters

0
2


#politicnews #politictrading #tradingpolitics

© Reuters. Brazil’s President Jair Bolsonaro attends the event “Nacao Caixa” of Caixa Economica Federal Bank in Brasilia

BRASILIA (Reuters) – Brazilian federal prosecutors are suing the government, seeking an injunction to block President Jair Bolsonaro’s gun decree that liberalized weapons regulation, according to a statement on Wednesday from the federal prosecutor’s office.

In their lawsuit, prosecutors argued Bolsonaro’s executive order represented legislative overreach by the executive, broke with provisions of the current Disarmament Statute and “endangered the public safety of all Brazilians.”

Federal prosecutors sought an injunction to permanently suspend the effects of the decree, adding that the sale of weapons will increase as a result of the executive order and will, for decades, impact the number of weapons in circulation in the country.

Last week, Bolsonaro signed a decree to ease restrictions on gun imports and increase the amount of ammunition a person can buy. An earlier executive order signed by Bolsonaro had eased restrictions for collectors, marksmen and hunters, for example allowing them to carry loaded guns to shooting clubs.

Bolsonaro’s latest decree was expanded to lift a ban on imported arms if there was a similar domestic-made product. It also raised a limit on ammunition purchases to 5,000 cartridges per year for normal guns.

The decree also allows for up to 1,000 cartridges to be bought annually for use in restricted weapons, including large-caliber and semiautomatic weapons that are limited to military and police.

Disclaimer: FX Forex Trading would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore FX Forex Trading doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

FX Forex Trading or anyone involved with FX Forex Trading will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Advertisements

What You Think About This Topic? Leave Your COmment