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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The Russian President, Vladimir Putin, has arrived on a three day visit to Kyrgyzstan, where he is meeting with the Kyrgyz President, Sadyr Japarov to discuss further development of the strategic partnership and allied relationship between Russia and Kyrgyzstan in various areas. A joint statement by the heads of state, as well as a number […]
Russia is processing approvals of nearly 25 Indian fishery companies, with Indian Commerce Minister Piyush Goyal saying the approval will enable them to begin exports to Russia. Moscow aims to address the growing trade imbalance with India during Russian President Vladimir Putin’s trip next month. India’s exports to Russia are worth US$5 billion, while imports […]
The Wildberries & Russ joint venture (RWB LLC) has signed a cooperation agreement with Ethiopia’s sovereign wealth fund, Ethiopian Investment Holdings (EIH). The agreement provides for joint efforts to localize RWB products for the Ethiopian market, as well as partnership and support through investment and technology initiatives that promote e-commerce and infrastructure development in Ethiopia, […]
By Charles van der Leeuw Russia’s return to serious trade and investment on the African continent only seriously took off almost three decades after the breakup of the Soviet Union. The legacy the USSR had left in Africa remained untouched by western powers for a long time, and when China, in 2014, announced its Belt […]
The visit of Russian Prime Minister Mikhail Mishustin to China has resulted in a recalibration of bilateral trade, with China increasingly seen by Russia as promising for import substitution of technologies. While general trade, with oil dominating, was previously the key topic, the bilateral trade focus has now shifted. Attention is now on industrial cooperation […]
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In signs that regional relations, impacted by the Armenia-Azerbaijan conflict, are now returning to normal, Armenia is considering the possibility of importing various goods from Russia by rail through Azerbaijan, according to Nikol Pashinyan, the Armenian Prime Minister. Armenia is landlocked, with its only regional sea access either via Azerbaijan on the Caspian or through […]
The Russian Prime Minister Mikhail Mishustin and Chinese President Xi Jinping have met with their respective business delegations at the Great Hall of the People in Beijing. Mishustin was accompanied by Deputy Prime Ministers Tatyana Golikova, Dmitry Chernyshenko, Yury Trutnev and Alexander Novak, Ambassador of the Russian Federation to China Igor Morgulov, Minister of Agriculture […]
Russia and Mongolia are planning to update the plans to develop railway and roadway transport corridors by the end of the year, Russia’s Deputy Transport Minister, Alexei Shilo, has said. Shilo was meeting with Batmunkh Nasantogtokh, the State Secretary of the Mongolian Ministry of Roads and Transport. They formalized the agreements at this week’s meeting […]
Alexey Overchuk, Russia’s Deputy Chairman, has been speaking at the East Asia Summit in Kuala Lumpur this week and has identified logistics as a key driver in developing Russia–ASEAN regional trade. Overchuk stated, “Given its geographical location and colossal transit potential, Russia invests in global transport connectivity through the development of transport corridors connecting Eurasia […]
Russia and China have updated their Bilateral Investment Treaty (BIT), which was first agreed upon back in 2006. BITs typically provide legal guarantees for reciprocal investments, as well as containing specific preferential agreements on tax rates impacting specific detailed industries and the services sector. Russian President Vladimir Putin signed the bill that ratifies these updates […]
Russia could increase exports of energy resources, industrial equipment, and agricultural products to Malaysia and consider building small- and large-capacity nuclear power plants in the country, according to Russian Deputy Prime Minister Alexei Overchuk. He has been meeting with Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Fadillah Yusof at the […]
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