Zuma, Belarus and the Russian carbon credits
and Russia on a programme to sell offsets from former Soviet states. The frontman for the project is South Africa’s former president, Jacob Zuma, who’s currently on trial for corruption related to the arms deal.
The Victoria Falls Securities Exchange, which will oversee the AVCCM, hasn’t got an agreement with its subsidiary over the listing of these credits and is primarily interested in Africa-generated credits, said Justin Bgoni, its CEO. They will hold talks on Tuesday, he said.The conference was attended by delegates from nations including the US, UK, Germany, Estonia and the Czech Republic, according to its organisers.
Russia remains the target of sweeping Western sanctions imposed after its invasion of Ukraine, while Belarus is also subject to sanctions due to its support of Russia. It’s not clear whether credits originating in Russia would be affected by those sanctions. The official at the Belarusian agency said they would not.
The former president, who has served time in jail for refusing to testify before a judicial commission on state corruption and has denied wrongdoing, used his speech in Victoria Falls to raise concerns over global warming. He also criticised the sanctions imposed on some of Zimbabwe’s leaders.
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