India gave a big blow to Russia… Pulled back from this big project, the reason is also very shocking

Russia And India Relations : Taking a big strategic step, India has withdrawn its hands from the Russia-backed lithium project in the West African country Mali. This decision has come at a time when Mali is struggling badly with political instability and violence from terrorist groups linked to al-Qaeda. This move by New Delhi sends a clear message that India will prioritize security and stability over risky investments for its global energy needs.

Last year, Russia’s state nuclear power company Rosatom had approached Indian PSUs – Mineral Videsh India Limited (KABIL) and NLC India (NLC) for lithium exploration in Mali.

Decision taken in view of increasing terrorist incidents in Mali

According to Reuters report, in view of the increasing terrorist incidents in Mali and increasing attacks on foreign investment, India has decided to withdraw from this project. Western countries like Britain, France and America have already advised their citizens to leave Mali, which can be gauged from the worsening situation there.

Why is it important for India?

As the world’s fastest growing economy and third largest carbon emitter, lithium is of strategic importance to India. India has set a target of 30 percent electric cars and 80 percent two-wheelers by 2030. Lithium batteries are essential to this green energy transition. This is why India is now rapidly pursuing agreements with resource-rich and politically stable countries like Argentina, Australia and Chile. The agreement that KABIL signed with Argentina for five lithium blocks in 2024 is part of this secure strategy.

Also read: India’s support to Russia! There is a huge shortage of workers due to Ukraine war, India will send 40,000 skilled workers.

introduction to cautious diplomacy

The retreat from Mali reflects India’s cautious diplomacy. On one hand, Russia is increasing its penetration into African countries through military cooperation. At the same time, India wants to protect its economic assets from any kind of loss. Officials believe that investing in such uncertain circumstances can be a risky deal. India’s decision shows that it is no longer dependent on just one source to secure the supply chain of critical minerals, but is looking for more secure and reliable global partners for its energy security.