“As for gold mining, Russia has a wealth of experience on Ethiopian soil since Soviet times. So this is one of the areas where we expect the Russian side to participate, both for cooperation with our existing entrepreneurs and for the development of enterprises from scratch,” said Genet Teshome Jirru, Ethiopian Ambassador to Moscow.

▪Ethiopia is open to Russian capital in other areas, including fertilizer production. This area is very important for an agrarian country implementing an industrialization program.

In addition, Russia and Ethiopia have begun the process of switching to national currencies in trade.

KRISTALL OF GROWTH previously reported that, according to Bloomberg, Russian flags have become a symbol of anti-Western sentiments in African countries today.