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 visited Beijing and met with China’s President Xi Jinping and Foreign Minister Wang Yi. We deep dive the meetings, what was discussed and examine the near 15% Russia-China bilateral trade growth achieved in Q1 2026.
The Russian and Indonesian Presidents and their respective economic development teams have met in Moscow. We deep dive the meetings that were held, with an onus on energy, bilateral trade growth and mutual investments. Indonesia has a population double that of Russia and an economy growing five times faster.
Russia’s Wildberries has just begun promoting Ethiopian products for sale on its Russian market platforms. Products such as coffee, tea and flowers are beginning to become popular with Russian consumers. Russian products will be available on Ethiopian online markets later in the year.
Russia and Pakistan have commenced discussions concerning a Pakistan-Eurasian Economic Union Free Trade Agreement. Pakistan has an economy worth over US$2 trillion and a consumer market of over 250 million people. Moscow see Pakistan as a promising partner in the region with significant potential for growth.
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.
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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.
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.
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