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Oil Firms Warn Madagascar Plan May Spark Trade in Russian Fuel

GenevaTimes by GenevaTimes
July 23, 2026
in Business
Reading Time: 1 min read
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Since Madagascar’s military seized power in an October coup, it has sought to forge closer ties with Russia. Colonel Michael Randrianirina, who led the coup and is now Madagascar’s president, met with Russian President Vladimir Putin in Moscow in February and has welcomed Russian military trainers and arms to the island. At the same time, Russia is looking for new markets for its oil, which has been sanctioned by the European Union and the US following its war on Ukraine.

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