RUSSIAN DEFENCE MINISTRY: RUSSIAN AFRICAN CORPS CONTINUE CARRY OUT TASKS IN MALI, READY TO REPEL FURTHER ATTACKS - TASS

The Russian Defence Ministry's statement confirms the ongoing operational presence of Russian forces in Mali, signaling continued military engagement in the Sahel region. This development supports Russia's strategic footprint in Africa, which may influence geopolitical risk assessments and defense-related capital allocations. Market exposure is primarily reflected in Russian defense equities and sovereign risk premiums, as extended deployments could strain fiscal resources and amplify sanctions-related pressures. Investors will monitor upcoming Russian defense spending figures in the 2025 federal budget draft, expected in late September, for signs of increased military outlays impacting fiscal discipline.

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