Including Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan and an associate in Turkmenistan, the CIS is a Eurasian trade bloc that achieved about US$125 billion in multilateral trade in 2025, with an average GDP growth rate of approximately 4.7%. Key developments include new trade platforms (CIS Plus), focus on infrastructure like the CKU railway, and expansion of free trade agreements, especially for services, enhancing regional economic integration within Eurasia and beyond. Understand the CIS market for business. Get analysis on trade regulations, economic integration, and cross-border investment opportunities within this key post-Soviet economic zone.
Russian Railways Logistics has signed a contract with one of Belarus’ leading fertilizer producers to provide a complete transport and logistics supply chain for full-scale container transportation of potash fertilizers in transit along the eastern route of the North-South international transport corridor (ITC) to China. Belarus is the world’s third-largest producer of potash, China is […]
The Bugristoe checkpoint on the border of Russia and Kazakhstan has begun a significant upgrading which will double the capacity of the border crossing, when completed at the end of 2026, according to the Russian Federal State Budgetary Institution Rosgranstroy. The works include the construction of 29 buildings and structures, the organisation of 32 lanes […]
Russia’s unrealized export potential in trade with the Caspian countries is estimated at US$3.5 billion, which is about 10% of Russia’s trade turnover with the countries of the region in 2023, according to Dmitry Volvach, Russia’s Deputy Minister of Economic Development of Russia. He was speaking at the Third Caspian Economic Forum in Tehran. Russia’s […]
The Belarusian Deputy Economy Minister Alesya Abramenko has said that bilateral trade in goods and services between Russia and Belarus reached US$57.6 billion, achieving a growth rate of 107.4% in 2024. Abramenko was speaking at a meeting of the interdepartmental working meeting of the Belarusian Economy Ministry and the Russian Economic Development Ministry. She added […]
Russia’s Ministry of Transport of Russia calculations for 2024 land border crossing have been evaluated and found some surprising conclusions –the largest volume of goods transiting Russia by road were sent not across the border of Russia with China, but across the border of Russia with Georgia through the Upper Lars checkpoint. That was followed […]
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Azerbaijan exported 145,600 tonnes of tomatoes in 2024, up 3.6% compared to the previous year, accordig to the Azeri State Statistics Committee, while the value of the product also increased – by 8.3% to reach US$175.4 million. In 2023, Azerbaijan exported 140,600 tonnes of tomatoes worth US$162 million. In both cases, the primary buyer was […]
Russia exported 700,000 tonnes of confectionery products in 2024, up 8% year-on-year, while the value of these exports grew 10.3% to reach US$1.81 billion, according to the Russian Association of Confectionery Industry Enterprises. They were presenting at the “Confectionery Products of the 21st Century” conference in Moscow last week. The 2025 export forecast for Russian […]
Russia’s supply chains are showing signs of adapting far more quickly than in the past, with one example being butter imports from Azerbaijan, Uruguay and Argentina this year, which have all increased, according to Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor). Azerbaijan delivered 940 tonnes of butter, four times the amount it did […]
Russian Prime Minister Mikhail Mishustin and his Kyrgyz counterpart Adylbek Kasymaliyev held discussions on Monday (February 3) after meeting on the sidelines of the Eurasian Intergovernmental Council’s session in Almaty. Mishustin and Kasymaliyev “discussed current issues on the bilateral agenda as a follow-up to the agreements on enhancing Russian-Kyrgyz trade and economic cooperation reached at […]
The Russian Prime Minister Mikhail Mishustin has been on a three-day trip to Kazakhstan, highlighting the work of the intergovernmental commission on economic cooperation between the two countries. He said that bilateral trade turnover between Russia and Kazakhstan exceeded US$26.34 billion in 2024, adding that “Russia occupies a leading position among Kazakhstan’s foreign trade partners. […]
Russia’s VTB bank plans to expand its services geography in providing international transfers in national currencies during 2025 by adding new countries in Africa, Latin America and Southeast Asia, the Russian state bank’s deputy CEO, Georgy Gorshkov has stated. VTB’s retail customers made 2.1 million transfers in the currencies of friendly countries in 2024, six […]
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