On Wednesday, December 18, 2024, the Council of Ministers of Mali, chaired by General Assimi Goïta, discussed the progress of economic relations between Mali and Russia.
The Minister of Economy and Finance announced the operationalization of the memorandum of understanding signed with the Russian Federation to create a consultation mechanism intended to promote economic, commercial and investment cooperation.
Since the Africa-Russia Summit in July 2023, efforts have been made to realize this strategic partnership.
Several missions led by Malian ministers to Russia enabled the signing of memorandums and protocols of understanding in key areas.
These agreements involve Russian public and private companies, with the aim of strengthening Mali’s economic development based on this collaboration.
During the 2nd edition of the Africa-Russia Summit in Saint Petersburg, a first memorandum was signed between the Malian Minister of Foreign Affairs and his Russian counterpart.
This document laid the foundations for a framework for dialogue and enhanced cooperation between the two countries.
With the operationalization of this mechanism, Mali hopes to accelerate the implementation of the agreements concluded.
These initiatives aim to respond to the country’s economic and strategic priorities while consolidating diplomatic ties with Russia.
This approach is part of a geopolitical context where Mali seeks to diversify its international partnerships to boost its development.
