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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 9, 2025

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    MOSCOW (Reuters) -Russia plans to step up cooperation with African countries, including in "sensitive areas" such as defence and security, the Kremlin said on Monday.

    Russian mercenary group Wagner said last week it was leaving Mali after helping the military junta there in its fight with Islamist militants. But the Africa Corps, a Kremlin-controlled paramilitary force, said it would remain in the west African country.

    Asked what this meant for Russia's role in Africa, Kremlin spokesman Dmitry Peskov said: "The Russian presence in Africa is growing. We really intend to comprehensively develop our interaction with African countries, focusing primarily on economic and investment interaction.

    "This also corresponds to and extends to such sensitive areas as defence and security. In this regard, Russia will also continue interaction and cooperation with African states."

    Russia's growing security role in parts of the continent, including in countries such as Mali, Central African Republic and Equatorial Guinea, is viewed with concern by the West, and has come at the expense of France and the United States.

    Russia's Africa Corps was created with the Russian Defence Ministry's support after Wagner founder Yevgeny Prigozhin and commander Dmitry Utkin led a failed mutiny against the Russian army leadership in June 2023 and were killed two months later in a plane crash.

    About 70-80% of the Africa Corps is made up of former Wagner members, according to several Telegram chats used by Russian mercenaries seen by Reuters.

    (Reporting by Dmitry Antonov; Writing by Mark Trevelyan and Gleb Stolyarov; Editing by Mark Trevelyan/Guy Faulconbridge)

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