Ethiopia, Russia Working to Deepen Trade and Investment Ties

Ethiopia and Russia are exerting efforts to deepen their cooperation in trade and investment, Ambassador of Ethiopia to Russia Cham Ugala Uriat said.

Ethiopia and Russia have a long history of friendship and cooperation. In recent years, the two countries have been working to strengthen their trade and investment ties.

Ethiopia’s Ambassador to Russia, Cham Ugala Uriat, said that efforts are well underway to expand the deep historical friendship between the two countries into trade and investment sectors.

“Ethiopia’s agricultural export products, such as coffee and flowers, are currently imported to Russia by third parties via Europe,” he said.

“To tackle this problem, different diplomatic efforts are being made to strengthen cooperation in the fields of investment, trade, tourism, and science and technology.”

For example, Ethiopian Airlines has recently increased its weekly flights from Addis Ababa to Moscow from three to four. Efforts will also be made to start cargo service between the two countries.

The ambassador said that the diplomatic relations between Ethiopia and Russia have not wavered through the ups and downs of history.

He also said that Russia has played an important role in maintaining the sovereignty of Ethiopia and has been a crucial ally for the country’s freedom struggle.

“The historical friendship between the two nations continues today and is based on mutual trust and reciprocity,” the ambassador said.

In terms of cultural diplomacy and academic, some Russian higher education institutions are showing interest in providing scholarships and working closely with Ethiopian universities.

The ambassador expressed that fruitful discussions are expected to strengthen bilateral and multilateral diplomacy at the Russia-Africa summit to be held in Russia after a few weeks.

By deepening their trade and investment ties, the two countries can create new opportunities for economic growth and development. This is also a positive sign for Africa as a whole, as it shows that Russia is committed to strengthening its ties with the continent, he noted.

He also pointed out that the Embassy is working to strengthen relations with Ethiopia in the countries of Belarus, Armenia, and Moldova.

Source: Ethiopian News Agency