This is reported by the portal G1.

“The president has decided to cancel the privatization process of eight state-owned companies, among them (oil and gas) Petrobras and Correios (post), initiated during the government of ex-president Jair Bolsonaro,” the statement said.

The head of Brazil justified this step by the need to "provide a thorough analysis of the impact of privatization on the public service or on the market."

On January 1, Luiz Inacio Lula da Silva took the oath of office and became President of Brazil for the third time.