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 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 […]
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 […]
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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 […]
Central Asia’s e-commerce market reached approximately US$14.7 billion in 2024, up from US$11.1 billion in 2023, driven by increasing internet penetration (now over 80% in urban areas) and smartphone adoption, according to data released by the IMARC Group. When considering this, it is pertinent to note the size of the two main bordering e-commerce markets […]
The trade turnover of fish products between Russia and Vietnam reached US$212.4 million in value during 8M 2025, almost equal to the figure for the same period last year. The relevant private businesses of both countries operating in this sphere are now intensifying cooperation to expand this trade. According to the Russian Fisheries Association (VARPE), […]
The Russian Foreign Minister, Sergey Lavrov, has held discussions in Moscow with Nasser Bourita, the Minister of Foreign Affairs of the Kingdom of Morocco. They had also met last month in New York. Lavrov had this to say: “We reiterated mutual firm commitment to continuing joint work aimed at further strengthening the traditionally friendly and […]
The Russian Agroexport federal center has said that Russia aims to increase grain exports, primarily wheat, to Indonesia, and the free trade agreement between the Eurasian Economic Union (EAEU) and Indonesia, which will be signed at the end of 2025, will open up significant opportunities for this. According to Agroexport, this year Russia exported around […]
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