Ernesto
Just clean the blade with some 0000 steel wool and some wd-40 oil the rust as I see it is just light surface rust. As far as the leather goes I find Kiwi brand neutral shoe polish paste works just fine but only apply it to the smooth side of the belt and buff it with a good horse hair shoe brush. It will darken the leather a little but it leaves the natural patina on the leather.
Good Luck
Lew
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