Is Mali helping Russia or Ukraine? The net is essentially zero
Mali's support for Ukraine since 2022: −€3m (−0.01% of one year's GDP: its aid, refugee hosting, private donations and its other parts of support, net of money flowing back). Russia kept €16m (0.07% of GDP) less than without the war. The net is 0.06% of a year's GDP toward Ukraine (likely from 0.44% toward Russia to 1.0% toward Ukraine; essentially zero).
likely from 0.44% toward Russia to 1.0% toward Ukraine · €14m · ≈ 0.01%/yr
Bought less from Ukraine than without the war + cut Russia's earnings from trade = 0.06% of GDP toward Ukraine. Mostly less kept by Russia from trade.
Chance toward Ukraine: 57%; 100% of the other method choices agree.
Support for Ukraine
Bought less from Ukraine than without the war; below zero by
0.01%
€3m
likely from 0.09% below zero to <0.01% above zero essentially zero
Russia's earnings from trade
Cut Russia's earnings from trade by
0.07%
€16m
likely from 0.42% toward Russia to 1.0% toward Ukraine essentially zero
Russia kept €16m (0.07% of GDP) less than without the war.
Russia's gain: Russia kept 0.07% of GDP less (€16m; likely from 0.42% toward Russia to 1.0% toward Ukraine)
Mali's own gain from trade with Russia: Mali kept <0.01% of GDP less from its trade with Russia (<€1m; about 0)
The two lines add up to Russia's earnings from trade; their ranges do not.
Its story in short
Russian forces in the country Wagner Group or Russia's Africa Corps operated here: 2022, 2023, 2024, 2025, 2026. Paid to them and taken by their firms, at Russia's gain, against 2021: €10m.
Two different things added The net adds two different things: help given to Ukraine and the change in what Russia kept from trade. Much of what one country stopped buying, Russia sold to others.
What decides this number
Chance toward Ukraine: 57%; 100% of the other method choices agree. Not certain, mostly because of the uncertain size of one part: Russian forces paid here (Wagner / Africa Corps). Here the size of the net is the finding, not its direction: likely from 0.44% toward Russia to 1.0% toward Ukraine.
What makes up the number
Bought less from Ukraine than without the war; below zero by 0.01% · €3m
Ukraine kept less from sales hereC
−0.01%
€3m
Cut Russia's earnings from trade by 0.07% · €16m
Russia kept less from fuel and goods sold hereC
+0.16%
€36m
Russian forces paid here (Wagner / Africa Corps)D
−0.04%
€10m
Russia kept more from war-time fuel pricesC
−0.04%
€8m
Russia kept more from weapons sold hereD
−0.02%
€4m
Russia kept less from its oil bought via other countriesDown estimate
+<0.01%
€2m
Russia kept less from services sold hereC
+<0.01%
€1m
+ toward Ukraine, − toward Russia (in support for Ukraine, − is money it earned back or bought less from Ukraine than without the war). Letters: A reported, B measured estimate, C modelled estimate, D rough indication.
By year
The year with the largest net amount was 2022: +€12m. The yearly amounts are small against the range of the total, so their side from one year to the next is not a finding.
It bought €55m from Russia in 2021 and €26m in 2025 (−53%). It sold <€1m to Russia in 2021 and <€1m in 2025. For Mali: €8m paid above no-war prices, most of it in 2022, 71% of it on gas contracts. These are sales values at each year's prices; the totals count what the seller kept on them.
Sanctions on Russia
We found no sanctions of Mali's own against Russia (checked 27 October 2026). This says nothing about whether firms there follow other countries' sanctions. Russia's list of “unfriendly” states does not name Mali. Checked 27 October 2026.
18 sources back its parts: 2 official statistics, 4 research reports, 0 press reports and 4 of this project's own estimates, plus 8 method inputs. By size, 0% of its parts are reported or measured (A–B), 75% modelled (C) and 25% rough indications (D).
Data coverage
Aid to Ukraine: estimated no record found: 0, with a small upper bound
Private donations: estimated national totals or a GDP-based estimate
Services trade with Russia: estimated Eurostat, OECD-WTO and Bank of Russia data
Refugee hosting: reported no refugees from Ukraine recorded
Bought from Russia: estimated corrected for missing reports; only the paid share (70%) counts
Sold to Russia: estimated partner data plus an estimate of goods reaching Russia via third countries
Bought from Ukraine: estimated partly filled: estimated, mirror, reported
Sold to Ukraine: estimated partly filled: estimated, mirror, reported
Energy switching cost: estimated modelled per fuel and month
Company taxes in Russia: reported no companies operating in Russia found
In money terms the net is +0.06% of one year's GDP (likely from 0.44% toward Russia to 1.0% toward Ukraine; essentially zero). Chance toward Ukraine: 57%; 100% of the other method choices agree. Russia kept €16m (0.07% of GDP) less than without the war. The number counts money: weapons at their money value; votes, diplomacy and intent are not in it.
Why is Mali's net so small?
Its net is essentially zero: +0.06% of one year's GDP (likely from 0.44% toward Russia to 1.0% toward Ukraine). Not certain, mostly because of the uncertain size of one part: Russian forces paid here (Wagner / Africa Corps).
How does Mali compare with its neighbours?
The net as a share of one year's GDP: Mali +0.06%, Algeria +0.02%, Niger −<0.01%, Mauritania −0.12%, Côte d'Ivoire −0.71%, Senegal −2.1%, Burkina Faso −3.9%.
We found no sanctions of Mali's own against Russia (checked 27 October 2026). This says nothing about whether firms there follow other countries' sanctions. Russia's list of “unfriendly” states does not name Mali.