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New era for Russia-Ethiopia relations as defense, currency, and BRICS deals unfold

Simon Osuji by Simon Osuji
May 27, 2025
in Business
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New era for Russia-Ethiopia relations as defense, currency, and BRICS deals unfold
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According to a statement from Russia’s Ministry of Defense, as seen on Sputnik, the discussions focused on implementing existing agreements, military-technical cooperation, responding to regional and global security problems, and expanding future military ties.

Both delegations reaffirmed their commitment to constructive discussion, emphasized the importance of regional stability, and agreed to improve professional military communication among their respective armed services.

The meeting underscored Russia and Ethiopia’s strong and budding relationship, which has been steadily improving in recent years.

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Growing relationship between Ethiopia and Russia this year so far

This defense involvement occurs at a time when the two countries are collaborating more closely on economic and political issues.

In February 2025, the Kremlin added Ethiopia, along with Nigeria and Tunisia, to the list of African countries whose banks can now engage in currency trading within Russia.

Africa seems to be embracing the Russian currency at the expense of the dollar

This policy shift represents a significant turning point in Russia’s foreign economic relations, particularly as it strives to lessen reliance on Western financial institutions while strengthening connections with non-Western allies.

Ethiopia’s ambassador to Russia, Genet Teshome Jirru, highlighted in an interview that both countries are “trending toward doing business in their currencies,” emphasizing the slow but purposeful shift towards economic sovereignty and interdependence.

During the same month, Russia established Africa’s first large-scale, multi-functional editorial center in Ethiopia’s capital, Addis Ababa, as part of its overall soft power campaign.

In April 2025, the government confirmed preparations to join the BRICS New Development Bank (NDB), becoming the fourth African country, after South Africa, Egypt, and Ethiopia’s regional peer, to apply for membership.

In an interview published on the official website of Brazil’s BRICS Chairmanship, Ethiopian Ambassador to Brazil, Leulseged Tadese Abebe, verified Ethiopia’s candidacy for NDB membership.

NDB BRICS

He highlighted that joining the NDB is a national priority, reflecting Ethiopia’s overall goal of fully integrating with the BRICS economic systems.

“One of the most important pillars in the BRICS family is the New Development Bank,” Abebe stated, emphasizing Ethiopia’s dedication to a multipolar financial and geopolitical order.

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