The Russian ambassador to Bolivia reports that the lithium agreement awaits approval by the Plurinational Legislative Assembly, with delays due to internal politics. Positive steps have been noted, with ongoing discussions in legislative committees, yet uncertainties linger regarding Senate approval.
The Russian ambassador to Bolivia, Dmitry Verchenko, indicated that the lithium agreement awaits approval from the Plurinational Legislative Assembly (ALP). Signed in September last year, the contract involves Yacimientos de Litio Bolivianos (YLB) and Rosatom’s Uranium One Group. Due to the complicated internal political climate, the legislative approval process has faced delays, affecting the timely implementation of the agreement.
Verchenko reported positive developments since the beginning of 2025, noting that the Energy and Hydrocarbons Committee of the Chamber of Deputies endorsed the contract in January. Currently, the agreement is under review by the Plural Economy, Production, and Industry Committee. Verchenko stated that he expects the respective commission session to convene shortly for further discussions.
Despite some challenges, Verchenko remains optimistic about the process, citing a sense of trust in rational decision-making, although he acknowledged potential difficulties with approval in the Senate. The outcome in the Upper Chamber appears more uncertain at this stage, which could impact the finalization of the lithium agreement.
In summary, the approval of the lithium agreement between Bolivia and Russia’s Rosatom subsidiary hinges on legislative processes that have slowed due to political conditions. Positive steps have been taken in the Chamber of Deputies, yet challenges remain in the Senate. Optimism persists regarding a rational resolution to the ongoing negotiations.
Original Source: www.plenglish.com
