Ethiopia Strives to Maximize Trade with Russia amid COVID-19 Pandemic

ADDIS ABABA (ENA)- Ethiopia is working to maximize import-export relations with Russia in a bid to ameliorate its economy inflicted by the COVID-19 pandemic, according to Ethiopian Ambassador to Russia.

Talked to Sputnik News Agency, Ambassador Alemayehu Tegenu said the Government of Ethiopia has strategized to minimize the economic damage posed by the COVID-19 pandemic.

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

Noting the export to Russia is going good, ambassador Alemayehu said, Ethiopian Airlines started cargo services; two days weekly flight is available to importing goods from Russia to Africa.

“We are working to maximize the import-export activities between the two countries,” Alemayehu said, adding he expected “huge economic consequences” to follow the pandemic in Ethiopia.

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

On the other hand, he stated the tourism sector, which employs a large part of the population, coming to a halt even though the country did not do a total lock down and let economic activities partially continue in a bid to avoid disruptions to economy.

It is to be recalled that last April Ethiopia declared a five-month state of emergency over COVID-19, but refrained from imposing a total lock down 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.

The Ethiopian Herald May 29, 2020

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *