|Follow us on:|
The GDP data could dampen the re-election campaign of President Dilma Rousseff.
Campos was running third in opinion polls ahead of the October presidential polls.
Brazilian exports to Russia rose 113 per cent to $181 million last month.
Putin has signed a decree banning certain food imports from countries that have sanctioned Russia over the Ukraine crisis.
But government efforts to stabilize the real currency appear to be working, albeit slowly.
President Dilma Rousseff described the conflict in the Gaza Strip as a "massacre", according to local media reports.
"The central bank decided to adopt measures to improve the distribution of liquidity in the economy," a statement said.
Agreements signed include a deal that will see Brazilian company Embraer sell 60 E-190 jets to China.