Russia, Türkiye Bilateral Relations: October 2026 Update
The Russian and Turkish Foreign Ministers have met in Baku. We discuss the pressing bilateral trade and investment issues, including nuclear power, tourism, agriculture and trade finance.
Russia’s exports in 2025 were characterized by shifts in energy trade, increased reliance on Asian buyers and stable, high-demand grain exports, with overall trade figures showing resilience, especially in non-oil/gas sectors, while adapting to new market dynamics. Key trends include exports of crude oil, fertilizers, and grain exports exceeding forecasts. Source products from Russia with confidence. Get insights into Russia’s key export industries, trade finance, and logistics. Essential for importers and businesses building a Russian supply chain.
The Russian and Turkish Foreign Ministers have met in Baku. We discuss the pressing bilateral trade and investment issues, including nuclear power, tourism, agriculture and trade finance.
We examine the Russia-Paraguay bilateral trade history and current dynamics, and look at the evolving trends. Paraguay is a member of Mercosur in South America with the bloc specifically targeted for foreign trade development as part of Russia’s overall foreign policy.
The 2026 Digital Solutions Forum and the 2nd Global Digital Forums have taken place in Moscow with 1,300 attendees from 111 countries, creating opportunities for cooperation in artificial intelligence (AI), cybersecurity, telecommunications, digital infrastructure and software. 170 agreements were signed. Russia’s digital industry generated aggregate turnover exceeded US$250.5 billion in 2025, an increase of nearly 20% year on year, while the communications-services market expanded by 13% to reach US$30 billion. We deep dive the events to showcase where the digital economy in going and which countries are cooperating with Russia in its development. This article is of primary interest to anyone involved in digital economic development in the Global South.
Russia’s exports of herring to Egypt have undergone a massive surge, from 100 tonnes in H1 2025 to 5,600 tonnes in H1 2026. The fish is a standard ingredient in many Egyptian dishes such as Renga bel Tahini. The overall African demand for herring is expected to triple by 2030.
The Russian and Abkhazia Foreign Ministers have meet in Moscow for their annual trade evaluation discussions. Bilateral trade is showing strong growth, based on the back of a significantly developing tourism sector, helping Abkhazia develop its own economic strengths without having to rely on Russian aid or loans. Abkhazia’s nominal GDP reached over US$1billion for the first time last year and is continuing to show sustainable increases.
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The Russian and South Ossetian Foreign Ministers have met in Moscow to discuss their mutual trade, and South Ossetia’s development. South Ossetia is hampered by a lack of international recognition and relies upon Russia for much of its GDP. However, there are plans in to develop self-sustaining industries such as tourism to allow South Ossetia increasing economic independence. Targets are for the current GDP to increase by 60% by 2030.
Russia’s agricultural exports to South Africa have reached US$53 million in 9M 226, with wheat making up the bulk of the trade, along with instant coffee and millet. Total bilateral trade could exceed US$1 billion for the first time by the end of this year.
Russia and China have been discussing maritime security cooperation during ministerial-level talks in Beijing, with both sides critical of Western sanctions, and interference with the maritime law of the sea concerning right of passage. This raises the possibility of joint naval patrols being extended towards both their and friendly-country allies shipping on a global basis.
Intra-Commonwealth of Independent States (CIS) trade is up 19% in H1 2026, although Russian President Putin has asked for trade barriers to be lowered to increase multilateral trade still further. The effective CIS members are Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan. Ukraine began exiting the bloc in 2014 but has not been able to secure trade guarantees with the European Union either – leaving it in de facto trade limbo and with no eastern markets.
Russian exports of fish – especially dried fish – are up 1,400% in 9M 2026, as the snack is used as an accompaniment to drinking beer and is proving popular with Brazilian football supporters watching local and international games in bars. Russian exporters are competing with Norway for this market.
The first Iran-Russia Trade Development summit has taken place in Bandar Anzali, and places a sharply defined economic proposition at the centre of Tehran’s northern trade strategy. The Caspian Sea acts as a gateway to Russia’s US$300 billion annual import market into substantially larger non-oil exports, transit flows and cross-border investment. We deep dive the bilateral Russia-Iran trade and investment developments.