Russian Foreign Ministry assesses risks for lithium project in Bolivia

Russia will assess the risks in Bolivia when developing bilateral projects with it. Alexander Shchetinin, head of the Latin American Department of the Ministry of Foreign Affairs, told Izvestia about this.

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About 70 joint projects in the field of natural resources development are at the initial stage.

"We certainly expect that no matter how the political situation develops, our bilateral cooperation, which confidently meets our mutual interests, will continue to develop. The most important thing now is for the Bolivians to find the wisdom — popular and political — to stabilize their internal political situation in the interests of the country," Shchetinin said.

The agreement on the construction of a lithium carbonate plant in Bolivia by Rosatom's subsidiary Uranium One Group and the state-owned Bolivian company YLB was signed on September 11, 2024.