Russia and Mali have signed several trade agreements aimed at deepening bilateral cooperation, notably in the fields of nuclear energy and mining. These new agreements also cover geological exploration, natural resources, logistics, and humanitarian sectors, confirming a mutual commitment to enhanced collaboration. Among these projects, the potential construction of a low-capacity nuclear power plant by the Russian state-owned company Rosatom particularly stands out. Malian authorities hope to leverage Russian expertise to enhance their energy independence.
Nuclear Energy at the Heart of Cooperation
Rosatom, already active in several African countries, is considering building a mini nuclear power plant in Mali to meet the country’s growing energy needs. This project is part of a broader strategic framework, illustrated by several preliminary agreements signed in 2024, which also include renewable energy initiatives, notably large-scale solar power plants. Russia views these projects as crucial to expanding its economic and technical influence across the African continent. For its part, Mali seeks to diversify its energy sources and modernize its infrastructure.
Gold Exploitation: A Strategic Axis
In parallel, a major project involving the construction of a gold refinery supported by Russia has been approved. This initiative will enable Mali, one of Africa’s leading gold producers, to achieve greater control over the value chain related to this strategic resource. The refinery could enhance the country’s capability to manage and market its gold production internationally. This agreement comes as Mali intensifies efforts to attract foreign direct investment to boost its economy.
Redefinition of Russia’s Military Role
These economic agreements come amid the recent withdrawal of the Wagner paramilitary group, which previously played a significant role in Mali. However, the agreements indicate that Russia maintains its presence through other entities, such as the “African Corps,” ensuring continuity in security and strategic cooperation. This restructuring fits into a broader realignment of Russian interests in Africa, illustrating Moscow’s desire to expand its influence beyond purely military operations.
This series of agreements demonstrates the mutual determination of Mali and Russia to strengthen their strategic partnership in key economic sectors. Through these initiatives, both countries seek to capitalize on their respective strengths while adapting their strategies to current geopolitical realities, inviting international observers to closely monitor these developments.
