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Russia signs military deals with 40 African states, Putin says

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Russia signs military deals with 40 African states, Putin says

Russia has signed agreements for military cooperation with over 40 African countries, Russian President Vladimir Putin announced on Friday in St Petersburg.

“For the purposes of bolstering the defence capability of the continent’s countries, we are developing partnership in the military and military-technical spheres,” Putin said during the second and final day of the second Russia-Africa Summit.

“Russia has signed agreements on military-technical cooperation with
more than 40 African states, to which we supply a broad range of armaments and hardware.”

Putin stated that African states received a wide range of weapons and technology, some for free “with the aim of enhancing the security and sovereignty of the countries.”

Representatives from African countries have been invited to actively participate in Russian-organized military forums dealing with the technical aspects of the weapons and also manoeuvres to become familiar with the equipment and its use.

Putin reiterated that Russia would continue to be a reliable supplier of grain to the continent’s countries. The pledge came after Russia ended a deal that allowed Ukrainian grain to be exported through the Black Sea. Ukraine is a major supplier of grain to Africa.

The chairman of the African Union said in his closing address at the summit that Putin’s proposals to provide grain were insufficient.

“Yes, this is important, but it may not be quite enough. We need to achieve a ceasefire,” Azali Assoumani said.

“President Putin has shown us that he is ready to engage in dialogue and find a solution,” he added. “Now we need to convince the other side.”

The British Ministry of Defence (MoD) has warned that African countries will experience prolonged consequences after Russia suspended the Ukrainian grain deal.

“The impact of the war in Ukraine will almost certainly compound food insecurity in Africa for at least the next two years,” the ministry said in its daily update on Twitter on Friday.

The expired agreement previously enabled the transportation of 30 million tons of Ukrainian grain to other countries via the Black Sea.

Russia’s “blockade of Ukraine” has disrupted deliveries of essential food supplies to countries such as Ethiopia, Kenya, Somalia and Sudan, also leading to rising grain prices, the MoD statement read.

On Friday, the Russian president promised to provide Zimbabwe, Mali, Burkina Faso, Somalia, Eritrea and the Central African Republic with 25,000 to 50,000 tons of grain for free in the next three to four months.

Russia is also aiming to expand its presence in Africa by opening new consulates and embassies and increasing staff in existing diplomatic representations. The nation has a surplus of available personnel after around 600 Russian representatives were forced to leave Western countries amid tensions, partly due to EU states’ suspicions of espionage.

After appeals for peace in Ukraine at the summit, Putin reiterated his willingness to negotiate over Ukraine.

“We have said several times, I have officially communicated, that we are ready for these negotiations,” he said.

However, Russia had no way of forcing either side into such talks, Putin asserted.

Ukrainian presidential adviser Mykhailo Podolyak criticised what he called the Russians’ “traditional negotiating whine.”

He said it “makes no sense” for the Ukraine currently to negotiate with Russia.

“If Moscow wants to negotiate, the path is clear. 1. Get out of Ukraine. 2. Change the political elite. 3. Admit war crimes. 4. Extradite the authors of the war to the tribunal,” Podolyak tweeted.

The West accuses Putin of not being seriously interested in negotiations, after he repeatedly denied Ukraine’s right to exist as a free, sovereign state in the past.

The United States, Germany and other NATO members have repeatedly called on Russia to withdraw troops from Ukraine as a precondition for negotiations. Moscow has rejected this.

Western countries criticized the Russia-Africa Summit as a “PR show” and as an attempt by Putin to make African countries even more dependent on Russia.

During the meetings with the African heads of state and government at the conference, Putin sought to demonstrate that he is not internationally isolated.

According to the Kremlin, 49 out of 54 countries on the continent are represented, with only 17 being heads of state or government, fewer than during the inaugural summit in 2019.

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Putin Registers As Candidate For Russia’s Next Presidential Election

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Russia on Monday officially recognised Vladimir Putin as a candidate for the presidential elections in March, a vote that he is all but certain to win.

The 71-year-old has led Russia since the turn of the century, winning four presidential ballots and briefly serving as prime minister in a system where opposition has become virtually non-existent.

The Central Election Commission said it had registered Putin, who nominated himself, as well as right-wing firebrand and Putin-loyalist Leonid Slutsky as candidates for the vote.

The election will be held over a three-day period from March 15 to 17, a move that Kremlin critics have argued makes guaranteeing transparency more difficult.

Following a controversial constitutional reform in 2020, Putin could stay in power until at least 2036.

Rights groups say that previous elections have been marred by irregularities and that independent observers are likely to be barred from monitoring the vote.

While Putin is not expected to face any real competition, liberal challenger Boris Nadezhdin has passed the threshold of signatures to be registered as a candidate.

However, it is still unclear if he will be allowed to run, and the Kremlin has said it does not consider him to be a serious rival.

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Hong Kong court grants Chinese real estate giant reorganisation postponement

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Hong Kong’s Supreme Court has once again granted the highly indebted Chinese real estate giant Evergrande a postponement for its reorganisation plan.

Judge Linda Chan surprisingly postponed the decision until Jan. 29, the South China Morning Post reported on Monday.

The property developer, which has liabilities estimated at more than 300 billion dollars, is threatened with liquidation.

However, creditors from abroad had taken the company to court because of its missing several payments.

Chan had already said at the previous hearing that this would be the last postponement and that she would very likely agree to liquidation if China Evergrande did not find a plan for restructuring with its creditors.

According to reports, however, the lawyers of the Hong Kong-listed group had now held out the prospect of being able to reach an agreement with the lenders in the coming weeks.

In the case of liquidation, an insolvency administrator would monetise the company and pay out the creditors.

Meanwhile, some experts were of the opinion that liquidation would return less money to creditors than a reorganisation, China Evergrande argued the same in court, according to reports.

The group had been trying to submit a restructuring plan since 2022, without success. Its founder and once China’s richest man, Hui Ka Yan, is being investigated by the Chinese authorities.

Like many other property groups, the company had been in a serious crisis for some time because it is earning significantly less on the slumping property market.

The company is finding it more difficult to obtain state support and is no longer able to service its loans.

“The Evergrande case also shows that the era of large private property developers in China is coming to an end,’’ says Max Zenglein from the Merics China Institute in Berlin.

If Chan decides to wind up China Evergrande, this could also have an impact on other companies.

“One challenge for the government will be to prevent domino effects in the economy caused by major bankruptcies,’’ says Zenglein.

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