Russia imported about US$240 billion worth of goods in 2025, ranging from selected agricultural products, cars, machinery, electronics, and high-tech goods. The Russian consumer market is also changing in light of new preferences and tastes created by its move into new markets in Asia, Africa, the Middle East, and Latin America.
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Russia’s Arkhangelsk Port and the Chinese NewNew Shipping Company have agreed an MoU on the volumes of shipping the maritime services provider will utilise along the Northern Sea Route this year. It will be an increase on last years 14 voyages.
Huge warehousing and logistics facilities are being built in Russia’s Far East Primorye region, with the Logopark Primorye company, an investor in the Primorye Priority Development Area, investing over US$64 million to build 89,000 square metres of facilities for the storage, processing, and distribution of goods. China is a primary market.
The Russian domestic consumer market can expect supply chain difficulties due to the United States and Israeli attacks on Iran. We explain the developing logistics bottlenecks, which products are likely to be impacted and expected price rises.
The St.Petersburg International Mercantile Exchange (SPIMEX) has established a Representative Office in Beijing to assist develop Russia-China commodities trade. It has already signed cooperation agreements with various Chinese exchanges in Shanghai, Qingdao and Xinjiang. SPIMEX trades in oil and petroleum products, petrochemicals, gas, coal, timber, metals, construction materials, agricultural products, and mineral fertilizers.
The Russian Foreign Minister, Sergey Lavrov has met with his Kenyan counterpart, Musalia Mudavadi, in Moscow. The two discussed deepening bilateral cooperation, trade and synchronizing matters relating to global affairs. Current bilateral trade is mainly agricultural based however both sides see development potential in several areas.
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The Russian Sovereign Wealth Fund is prepared to offer Namibia financing options for development projects in the country, as a delegation led by Russian Deputy Prime Minister Yuri Trutnev visits Windhoek. Russian businesses are interested in Namibia’s energy, advanced technology, the mining industry, petrochemicals, financial and agricultural sectors.
Russian and Ghanaian officials have been meeting in Accra to discuss bilateral trade as well as the coming 3rd Russia-Africa summit, which is scheduled to be held in Ghana later in the year. Ghana is a primary member of the African Union and the African Continental Free Trade Agreement. Ghana-Russia trade has tripled in the past three years.
The media coverage of the spill-over consequences of the military conflict in the Middle East has concentrated on energy shortages, and especially in the immediate region and Europe. However, there are numerous other commodities impacted as well. In this article we describe the benefits and problems this has brought to Russia – and other Eurasian and global actors. We discuss these in detail.
Mongolia has determined which of its cross-border routes to Russia will handle the bulk of Mongolia-Eurasian Economic Union multilateral trade and is working on expending facilities to cope with demand. The related free trade agreement should be ratified later this year.
Sri Lanka has stated it is interested in joining the BRICS group as views it ‘as a platform to spur its economic growth.’
Neighbouring India is the 2026 BRICS chair and will host annual BRICS summit in late summer. It is possible Sri Lanka could be invited to become a partner nation.
Russia’s President Putin has met with the Central African Republic President Faustin-Archange Touadera in Moscow. The two sides discussed bilateral cooperation, including security, economic ties, and humanitarian issues, also signing an agreement to establish an Intergovernmental Commission for Trade, Economic, Scientific, and Technical Cooperation.
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