The sanctions severed Mali's access to regional financial markets and have contributed to its default on about $180 million in debt payments and jobs losses.
Interim Prime Minister Choguel Kokalla Maiga has said that the imposed sanctions weakened the state, adding that a response strategy has been formulated against them.
Leaders from the Economic Community of West Africa States agreed to sanction Mali last week over delayed elections.
The denouncement comes after a regional grouping decided to freeze Mali's assets, a pressure tactic against the ruling junta amid concerns over the future of democracy in the West African country.
ECOWAS leaders have decided to close borders with Mali and impose economic sanctions in response to an "unacceptable" delay by the country in holding promised elections.
National Committee for the Salvation of the People is dissolved, says a government decree, a decision that comes after more than five months of president Ibrahim Boubacar Keita's removal in a coup.
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