Pictured above is the Brazilian version of Cobra Soldier that was released in Brazil as Cobra Soldado. The figure was part of the second Comandos em Ação series in 1985.
The Brazilian Cobra Soldado is noteworthy for two reasons. One - it has the raised Estrela logo on its back. Second - Estrela used a very bright blue color, instead of the dark blue used in the U.S..