Ethiopia maximises trade with Russia amid pandemic

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Ethiopia is working to maximise import-export relations with Russia in a bid to ameliorate its economy inflicted by the COVID-19 pandemic, according to Ethiopian Ambassador to Russia Alemayehu Tegenu.

The Ambassador said the Government has strategized to minimise the economic damage posed by the Covid-19 pandemic on the country.

“Ethiopia, being an agrarian economy, has placed stakes on increasing agricultural productivity and exports to Russia in mitigating the damage from the pandemic,” he said.

In the same vein, Ethiopia imports from Russia various goods including iron and steel, inorganic chemicals, machinery, precious metals, and boilers.

In April, Ethiopia declared a five-month state of emergency over Covid-19, but refrained from imposing a total lockdown similar to other countries in the region.

Ethiopia and Russia have longstanding historical ties going back to the 17th century but the two countries established diplomatic relations on April 21, 1943.

 

Olajumoke Adeleke