Russia’s foreign trade with Ethiopia increased by 46 per cent in 2024 compared with the previous year, and from January to August 2025, the volume of trade has tripled year-on-year. The figures were announced by Russian Minister of Economic Development Maksim Reshetnikov during an official visit of a Russian delegation to Ethiopia, as reported by the official website of the Ministry of Economic Development of the Russian Federation.
As part of the visit, Russian representatives held talks with Prime Minister Abiy Ahmed, Minister of Finance Ahmed Shide, and Governor of the National Bank of Ethiopia Eyob Tekalign. The discussions focused on current issues and long-term prospects for bilateral trade and economic cooperation.
Reshetnikov outlined the key priorities for strengthening partnership between the two countries – expanding and diversifying trade flows, boosting investment cooperation, and implementing joint projects in e-commerce, the digital economy, and logistics. He emphasised that Russia views Ethiopia as one of its most important partners in Africa. (TV BRICS)
Russia–Ethiopia trade triples in 2025 as partnership deepens
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