BRICS Members Russia, U.A.E., and Ethiopia Cooperate in Time of Crisis
7 February 2024
EIRNS—There is clear, growing cooperation among old and new BRICS members Russia, United Arab Emirates, and Ethiopia to deal with the ongoing crisis brought about by war in Ukraine and Southwest Asia, and destabilization in Africa.
U.A.E. President Mohammed bin Zayed Al Nahyan held a telephone discussion with Russian President Vladimir Putin on Feb. 5. “The parties discussed a range of issues of the regional and international agenda during talks, including the conflict between Russia and Ukraine,” a Kremlin press service statement said. The presidents reaffirmed the two countries’ position of principle—Russia and the U.A.E. believe it is necessary to establish a ceasefire as soon as possible and resume the political process with a view to reaching a long-term and fair solution to the Palestinian problem on the known legal basis.
During the exchange of views on the situation in Ukraine, Vladimir Putin thanked the Emirati side for the mediation efforts in facilitating the exchange of detainees. The Presidents discussed in detail the terrorist attack by the Kiev regime on the Russian Il-76 aircraft with Ukrainian POWs aboard, carried out on Jan. 24, 2024. Russia’s interest in conducting an international investigation into this crime was emphasized, according to the President’s website.
The U.A.E. President stressed “the consistent approach of the U.A.E. towards keeping peace and stability” and expressed “readiness to support any initiatives and undertakings that may soften humanitarian consequences of the Ukrainian crisis,” reported TASS..
In an interview with the Ethiopian Press Agency this week, United Arab Emirates Special Envoy and Plenipotentiary Ambassador to Ethiopia Omar Hussain announced a significant investment in Ethiopia, worth more than $2.4 billion. This will help Ethiopia—which has serious foreign exchange shortages and is under pressure from the International Monetary Fund—to avoid a new loan agreement with accompanying painful conditionalities.
Ambassador Hussain underscored the geographical proximity between the two nations, which are just a four-hour flight apart. He highlighted Ethiopia’s manufacturing capabilities and the Arab countries’ consumption capacity, positioning Ethiopia as an appealing market destination.
There has been considerable economic and political cooperation between the two countries. For example, at the COP28 UN Climate Change Conference in Dubai last November , the U.A.E. committed to a $600 million investment in Ethiopia’s energy sector. [dea]