India imported a new record amount of Russian crude oil in July, defying US sanctions and tariffs threats. The United States has threatened 100% tariffs on imports from countries buying Russian oil, but the strategic and economic dynamics suggest this is unlikely to happen. We examine why.
Russia and Brazil are looking at expanding their maritime logistics capabilities as trade increases. Brazil especially is interested in closing the 90-10% trade gap between the two countries and wants to develop its exports sector to the Russian market.
Russia’s MC-21-310 aircraft, built using entirely Russian-made components, has taken to the skies for the first time, the state-run Joint Aviation Corporation (OAK) has said. The development of the aircraft renders Western aviation sanctions against Russia increasingly redundant and has instead boosted Russian engineering and manufacturing capabilities.
Russia and India are preparing for the pending Free Trade Agreement between India and the Eurasian Economic Union with logistics and other agreements all being worked on. They are preparing all sides for what can be expected to result in a significant boom in trade. India’s trade with all EAEU members is already showing significant increases.
Russia’s development of its domestic freight and logistics sector is expected to grow by over 13% in the period 2026-2031. We provide a comprehensive breakdown of this data – which is nearly 3 times more than the United States growth, and over 4 times more than the European Union over the same period.
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Russia intends to raise over US$400 billion from domestic and overseas investors to complete its Transarctic Transport Corridor. That is about 30% of China’s total spending thus far on the Belt & Road Initiative. The majority of this funding is expected to come from the private sector.
Russia has become the world’s second largest supplier of coriander spice to the global market, according to the Russian Agroexport federal center. India is the largest exporter, while most of Russia’s exports go to ASEAN, Central Asia and the Middle East.
Bangladesh runs a substantial Rupee trade deficit with India, but doesn’t trade such huge amounts with Russia. Consequently, to get around the Bangladesh-Russia trade imbalance and mitigate against threatened US sanctions on Dhaka, the two sides are discussing the use of Indian Rupees rather than the Bangladesh Taka to settle their mutual trade volumes of about US$2 billion per annum.
The Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, has met with Rosneft CEO Igor Sechin to discuss cooperation in energy and ways to develop this. Qatar owns 18.93 % of Rosneft while Russia and Qatar and amongst the worlds leading LNG exporters. Future Joint Ventures and investments can be expected by both parties.
The Russian Foreign Minister, Sergey Lavrov, recently met with Guinea-Bissau’s Foreign Minister Fatumata Jau in Moscow. Although the current bilateral trade dynamics are modest, Guinea-Bissau is strategically positioned on West Africa’s Atlantic coast and could be developed as a Russian gateway into African and Asian export markets. We provide a comprehensive overview of how this could emerge.
Russia’s Foreign Minister, Sergey Lavrov, has met with Mauro Vieira, the Brazilian Minister of Foreign Affairs. With bilateral trade currently growing at more than 6% per annum, we examine the main trade aspects in energy, rare earths, agriculture, and the overall bilateral dynamics.
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