🇦🇷Week of September 28

Argentina's government asked the United Kingdom to stop oil exploitation in the Malvinas/Falklands and warned it will take the matter to an international court. It also denounced that a British company carried out illegal flights from the islands to Chile and said it will seek sanctions over those flights.1234

The dispute centers on the Sea Lion offshore oil project, which the government wants halted. TN reported that the question now is what can happen if the United Kingdom does not stop the Sea Lion project within two weeks.5

Clarín, a centre-right outlet, framed the move as Milei turning to the United Nations to denounce Great Britain over the Malvinas after having criticized the body. The government's demand and its threat of international litigation were reported across centre, centre-right and left outlets.613

The Argentine government has added five British companies to its lawsuit over oil exploration in the Malvinas, and Tenaris declined to supply pipes to the oil companies pushing the offshore Sea Lion project. President Javier Milei also suspended a planned trip to London and a talk at Oxford amid rising tension over the dispute.12

Argentina's country risk rose for 12 consecutive days to 642 points, its highest level since 2025, while the stock market fell and bonds declined. The risk gauge approached 630 points, a level last seen in March, according to Infobae's six-point explainer on the surge.1234

Economy Minister Luis Caputo intervened in the bond market using the FGS sustainability guarantee fund in an effort to bring the country risk down. The intervention came as the risk premium spiked and bond prices dropped.56

The selloff in bonds and the equity market's slide accompanied the risk surge, with the country risk reaching its highest point since March. The 12-day streak of increases pushed the measure to 642 points, the highest since 2025.1234

Ambito reported that the country risk was near 630 points and examined how much higher it could rise and how much it could complicate the government's position. La Voz del Interior reported the 12-day streak and the 642-point level as the highest since 2025.34

Argentina's government is enduring its worst financial week of the year without a policy response, as President Javier Milei finds himself caught between the country's political and economic divide. Coverage frames the moment as a crossroads, weighing the risk associated with Buenos Aires Province Governor Axel Kicillof against the risk attached to Milei himself, or to both at once.12345

Attributed claim: The week's coverage is split over how to read the financial stress. El Destape, a left outlet, casts the government as passive in the face of the worst financial week of the year, while Infobae, a centre outlet, argues that polarizing around 'K risk' works against economic growth. La Nación, a centre-right outlet, frames the choice as a 'catastrophe' film under Kicillof versus a happy ending under Milei.134

Perfil, a centre outlet, marks day 1024 of the administration by asking whether the relevant risk is Kicillof, Milei, or both, and Clarin, a centre-right outlet, describes Milei as trapped between the political and economic rift. The cited coverage states no concrete policy measure, market figure, or official response to the financial week.25

A prosecutor has requested a series of measures to verify the explanations Manuel Adorni gave about his personal wealth, and the case is being handled as an illicit enrichment investigation. The requested steps include opening his virtual wallets, with the Justice system putting bitcoin holdings under scrutiny.123

Judge Lijo accepted the reconstruction of Adorni's assets going back to 1998 and authorized verification of his virtual wallets. Lijo also expanded the lifting of Adorni's fiscal secrecy in the illicit enrichment case.45

The prosecutor's measures are aimed at checking the explanations Adorni provided about his patrimonio, with the bitcoin wallets a specific focus of the inquiry.23

Commerce, industry and agriculture account for half of all business closures in Argentina since 2023, with thousands of firms shutting down during Javier Milei's presidency. The three sectors are the worst hit in the era Milei, and the closures have become a central economic and political issue.123

Peronist figures including Cristina Fernández de Kirchner and Sergio Massa have focused their internal party messages on the weak spots in Milei's economy, using the wave of closures to attack the government's record.24

Página|12, a left-leaning outlet, reports that breaking companies is described as a "natural cost" for the country to grow, presenting the closures as an accepted price of the government's economic program.25