Russia and Ethiopia Strengthen Ties with Military Deals and BRICS Bid
Russia and Ethiopia are ushering in a new era of cooperation, deepening ties across defense, currency, and multilateral platforms. Recent high-level talks between their defense ministries, held in Moscow, focused on strengthening military-technical collaboration and boosting regional stability through improved communication. Economically, Russia now allows Ethiopian banks to trade in rubles, a shift that reflects both countries’ desire to reduce reliance on Western financial systems. The two nations are also exploring local currency trade, signaling a move toward financial sovereignty. Meanwhile, Ethiopia is pushing to join the BRICS New Development Bank, aligning with its broader goal of deeper integration into emerging global systems.
Business Insider Africa
