Ethiopia's Minister of Foreign Affairs Workneh Gebeyehu on June 26, 2017, asserted the need to strengthen the long-standing cooperation between Ethiopia and Russia.
In his meeting with his Russian counterpart Sergey Lavrov, Gebeyehu said the Ethio-Russia relations, which dated back some 120 years, have good prospect and potential for further growth.
Gebeyehu, who invited Russian companies to invest in the east African country, further noted that Ethiopia's mining and energy sectors would be good opportunities for Russian companies.
Russian company, Inter RAO-Export, has recently expressed its interest in the construction and modernization of hydroelectric stations in Ethiopia, while another Russian oil and gas company, GPB Global Resources, is already exploring hydrocarbons in the eastern part of Ethiopia.
The 2 countries, as part of their push to strengthen their cooperation, have recently signed a Memorandum of Understanding on scientific and technical cooperation, including the peaceful uses of nuclear energy. The 1st deal of its kind between Ethiopia and Rosatom was signed within the framework of IX International Forum ATOMEXPO 2017.
