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 Foreign Minister, Sergey Lavrov, has met with Thongsavanh Phomvihane, the new Laos Foreign Minister, in Moscow. Lavrov welcomed him by saying, “You are a frequent visitor to our country: last May, you attended the festivities marking the 80th anniversary of the Victory as a special representative of the President of the Lao PDR, and […]
Vladivostok Marine Fishing Port (Vladmorrybport), a stevedoring company at Vladivostok, in the Russian Far East, has begun servicing a regular container service operated by FAST Shipping Line with the Chinese port of Qingdao, the company has said, stating, “Vladmorrybport received the first vessel, Gang Tong 19, on June 17. It is planned that the line will […]
Colombia has confirmed it has joined the New Development Bank (NDB), the financial investment arm of the BRICS group. Colombia had requested membership in the NDB in May of this year, amid tensions with the United States over President Trump’s tariff war and Colombia’s joining China’s Belt and Road Initiative. Colombia’s Minister of Foreign Affairs, Laura Sarabia, said, […]
The Russian Foreign Minister, Sergey Lavrov, has been on an official visit to Ashgabat, Turkmenistan, where he was received by President of Turkmenistan Serdar Berdimuhamedov and held talks with Deputy Prime Minister and Minister of Foreign Affairs of Turkmenistan Rashid Meredov. They discussed key issues of Russia-Turkmenistan relations and reaffirmed their intent to implement joint […]
A new cryptocurrency token designed to allow cross-border payments to avoid western financial sanctions on Russia has moved some US$9.3billion on a dedicated crypto exchange in just four months since it was launched, according to the Financial Times. Described as the first stablecoin pegged to the Russian ruble, the A7A5 token was officially launched in […]
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Russia and Cuba are working on the creation of a logistics center based at Mariel Port, according to Tatyana Mashkova, Director General of the National Committee for Economic Cooperation with Latin American Countries (NC SESLA). Mariel Port is located 45 km from Havana, the capital of Cuba, in a sheltered deep-water bay. It is located […]
Russia’s FESCO Transport Group intends to set up transport and logistics hubs in China and India, according to FESCO’s Vice President for Finance, Leonid Zvyagintsev. The hubs will be used to transport goods both within the Shanghai Cooperation Organization (SCO) countries and to Africa. Zvyagintsev said that FESCO has initiated the transition to digital veterinary […]
There has been a significant increase in cargo and passenger flows at the Kraskino checkpoint on the border of Primorsky Krai with China, according to FGKU Rosgranstroy, the government agency that monitors cross-border vehicle traffic. Compared to 2024, the number of vehicles crossing at Kraskino increased by 45% in the January-May period. This included 19,000 trucks, 6,000 buses and 187,000 individuals who […]
Russia and Myanmar have concluded a Bilateral Investment Treaty (BIT) that assists their respective investors with legally binding agreements on mutual protection of investments. BIT can also provide some tax benefits. The document was signed on Friday at the 2025 St. Petersburg International Economic Forum (SPIEF 2025) by Russian Economic Development Minister Maxim Reshetnikov and […]
Russia’s FESCO transport group has launched a container transport service between Russia and the port of Durban in South Africa, according to German Maslov, vice president of FESCO’s line and logistics division. For exports to South Africa, FESCO organizes shipments from Novorossiysk and St. Petersburg via its own ships to India’s Nhava Sheva port (Mumbai), […]
Russian Deputy Industry and Trade Minister Roman Chekushov has said that the proposed Eurasian Economic Union free trade agreement with Indonesia has seen an initial preliminary agreement signed in St. Petersburg, with plans to sign the full agreement with the participation of all Eurasian Economic Union (EAEU) countries by the end of this year. He […]
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