Russia exported soybean oil to the Middle East and North Africa (MENA) countries worth nearly US$290 million in 2025, up 11% from 2024, according to the Agroexport federal center. The MENA region accounted for 43% of the export revenue from supplies of Russian soybean oil abroad. The top five buyers included Algeria, Iran, Saudi Arabia, […]
China’s Harbin city, close to the Russian border in its northerly Heilongjiang Province, has hosted the first meeting of Chinese and Russian city mayors. The theme was “Promoting innovative urban development through ice and snow culture.” The meeting was designed to serve as a multi-level and broad-aspect platform for contacts and consultations between different cities […]
Russia’s FESCO Transportation Group has expanded its maritime service connecting Vladivostok with ports in south China, with Qinzhou being added to the available routes. This will provide additional opportunities for the delivery of goods to and from Vladivostok and Qinzhou, which is about 358 nautical miles east of Hong Kong. Qinzhou is the main port […]
This past week, the small Swiss resort of Davos yet again became the temporary capital of a self-appointed global elite. Under the banner of the World Economic Forum (WEF), political leaders, multinational CEOs, financial institutions, and technology giants gathered behind closed doors to discuss the global economic prosperity. Nearly 65 heads of state and government […]
President Putin has met with Mahmoud Abbas, the President of Palestine, in Moscow, to discuss developments in Palestine as well as the larger Middle East picture. Their agenda included the current state and future prospects of bilateral ties in trade and the economy and cultural and humanitarian affairs, as well as the situation in the Middle East, emphasising the state of affairs in the Gaza Strip.
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The goals of Russia’s trade and economic partnerships differ depending on the country; for example, with China it is increasing non-resource, non-energy exports, and with India it is balancing trade, according to government materials for a strategic session on the development of foreign economic activity. Documents state that “the central element of Russia’s foreign economic […]
Trade turnover between Azerbaijan and Russia amounted to US$4.92 billion in 2025, up 2.5% compared to the previous year, the Azerbaijani State Customs Committee (SCC) has stated. Trade operations with Russia accounted for 9.96% of the country’s total foreign trade turnover, the SCC said. Russia is Azerbaijan’s third largest foreign trade partner after Italy and […]
Russia’s oil and petroleum product export revenue reached US$11.35 billion in December, up US$250 million from November but down US$3.21 billion from a year earlier, the International Energy Agency said in its monthly report. Oil exports increased by 620,000 barrels per day last month to 7.55 million bpd. Russian oil exports in December increased by […]
On Tuesday, January 20, Russia’s Foreign Minister Sergey Lavrov convened his traditional annual press conference in Moscow to review the performance of Russian diplomacy in 2025 and set out the foreign policy and economic agenda for 2026. At this event—attended by hundreds of journalists—Lavrov emphasized that the diplomatic focus is no longer solely about geopolitical […]
The St. Petersburg International Mercantile Exchange (SPIMEX) is preparing for trading in platinum bullion, SPIMEX president Igor Artemyev has stated, and is collaborating with Norilsk Nickel on the matter. The Russian Ministry of Finance also has a specific interest in organizing the trading, though legislation will be required to permit such trade. Artemyev said, “We […]
Russia boosted crustacean exports by 10% year-on-year to 91,000 tonnes in physical terms, and increased revenues by 13% to over US$2 billion in 2025, according to the Russian Agriculture Ministry’s Agroexport center. The top 5 importers included China at US$1.2 billion, South Korea at around US$750 million, Japan at over US$33 million, Vietnam at over […]
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