IBOV 185,146.69 ▼ 0.26% IPSA 11,289.90 ▼ 0.71% IPC MEX 64,814.97 ▼ 0.39% MERVAL 3,107,396 ▼ 0.09% COLCAP 2,580.41 ▼ 0.14% BVL PERÚ 60,702.89 ▼ 1.24% USD/BRL5.10▼ 0.18% USD/MXN16.96▲ 0.40% USD/CLP938.12▲ 1.13% USD/COP3,086▼ 1.00% USD/PEN3.37▲ 0.37% USD/ARS1,512▼ 0.12% USD/UYU40.24▲ 3.05% USD/PYG5,868▲ 2.26% USD/BOB12.36▲ 1.91% USD/DOP58.63▲ 0.22% USD/CRC447.58▲ 1.69% USD/GTQ7.63▲ 3.04% USD/HNL26.85▲ 0.57% USD/NIO36.62▲ 0.34% USD/VES825.67▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.40% EUR/BRL5.93▲ 0.38% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,146.69 ▼ 0.26% IPSA 11,289.90 ▼ 0.71% IPC MEX 64,814.97 ▼ 0.39% MERVAL 3,107,396 ▼ 0.09% COLCAP 2,580.41 ▼ 0.14% BVL PERÚ 60,702.89 ▼ 1.24% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, September 10, 2026

Africa Europe and Russia

U.K. Targets Russian Influence in Africa with New Sanctions

By · November 8, 2024 · 2 min read

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The United Kingdom has unveiled a sweeping sanctions package aimed at curbing Russian influence in Africa. This move marks a significant escalation in Western efforts to counter Moscow’s growing presence on the continent.

The sanctions target three private military companies operating in Africa. Among them is Africa Corps, the successor to the infamous Wagner Group. The UK is the first G7 nation to directly sanction this organization.

Additionally, these military groups have been accused of widespread human rights abuses across Africa. They allegedly threaten peace and security in Libya, Mali, and the Central African Republic.

The UK government claims these groups have direct ties to the Kremlin. The sanctions package also includes measures against 11 individuals linked to Russian proxy forces.

It targets suppliers of military equipment and technology to Russia’s war machine. Companies in China, Turkey, and Central Asia are affected.

U.K. Targets Russian Influence in Africa with New Sanctions
U.K. Targets Russian Influence in Africa with New Sanctions.
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However, this action reflects growing concern about Russia’s strategy in Africa. Moscow has been offering “regime survival packages” to African governments. In exchange, it seeks access to strategically important natural resources.

Geopolitical Tensions in Africa

Internal Russian documents reveal plans to change mining laws in West Africa. The goal appears to be displacing Western companies from the region.

This move could have significant geopolitical implications. The sanctions come as Russia seeks to strengthen its ties with African nations.

A gathering of African foreign ministers is scheduled in Sochi, Russia, this weekend. This event underscores Moscow’s diplomatic efforts on the continent. The UK’s actions are part of a broader Western response to Russia’s activities.

In addition, they aim to disrupt the supply of vital equipment for Putin’s military operations in Ukraine. The sanctions also seek to undermine Russia’s attempts to foster instability across Africa.

However, the effectiveness of these measures remains to be seen. Russia has shown resilience in the face of previous sanctions. Its economy grew by 5.4% in the first quarter of this year.

In short, the situation highlights the complex geopolitical dynamics at play in Africa. Various international actors are vying for influence and resources on the continent. This competition has significant implications for African nations and their people.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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