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MNI US Macro Weekly: Politics To The Fore
African "Road To Peace" Mission Hits Early Snags
- African leaders' peace mission to Ukraine and Russia has commenced, instantly running into multiple logistical problems. The Daily Maverick cited diplomatic sources as noting that Egyptian President Abdel-Fattah el-Sisi, Ugandan President Yoweri Museveni and Republic of Congo President Denis Sassou-Nguesso have pulled out, with the latter trying to convince his peers to postpone the mission due to the risks posed by Ukraine's newly launched counteroffensive. South African President Cyril Ramaphosa, as well as Zambian President Haidande Hichilema, Senegalese President Macky Sall and Comoran President Azali Assoumani decided to continue the mission anyway. It is expected that a peace plan will be drafted by chief diplomats from all seven countries after the leaders meet with Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky. According to the Daily Maverick, Russia has not yet outlined its conditions.
- More logistical troubles for the "road to peace" initiative came as the plane carrying President Cyril Ramaphosa's security detail and South African journalists got stuck in Poland. Over a hundred heavily armed members of Ramaphosa's security team spent hours stranded at the Warsaw airport, while the President paid a courtesy call to his Polish counterpart Andrzej Duda and eventually left by train for Kyiv, where he arrived this morning. Head of Ramaphosa's security detail accused Polish authorities of "sabotage," although some press reports pointed to issues with the red tape surrounding the transport of weapons and compliance with aviation regulations.
- South African markets are closed due to the Youth Day, a local public holiday.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.