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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Two more logistics terminals will be built on the Russian border of Buryatia with Mongolia: one near the Naushki railway checkpoint, the second near the Kyakhta checkpoint, according to the Kyakhtinsky government. The construction projects will begin immediately, and should be completed by 2027. The local newspaper stated that Andrey Fomin, the head of the […]
Russia’s JSC A7 Holdings, wholly owned by former FESCO co-owner and Board Chairman Andrei Severilov, has founded a new legal entity in the freight transportation sector. According to the Russian Unified State Register of Legal Entities, A7 African Cargo Lines LLC (A7 ACL, Moscow) was registered on April 17 with an initial charter capital of […]
Russia and Qatar have signed an agreement to establish a new US$2 billion investment platform aimed at strengthening economic ties and boosting bilateral cooperation. The deal was signed on Thursday (April 17) following talks in Moscow between Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad Al Thani, who was in Russia on […]
A meeting of the Russian-Indonesian Intergovernmental Commission was held last week in Jakarta at the Ministerial level, led by Russian First Deputy Prime Minister Denis Manturov. The meetings had a wide-ranging agenda, including the proposed free trade agreement, inter-banking, energy, and industrial and agricultural developments. Indonesia is a major Southeast Asian economy with a population […]
China’s auto manufacturers have leapt to a 45% Russian market share over the past three years as European manufacturers exited the market and Chinese brands swept in to replace them. However, oversupply and changes in Russia’s import tariffs on vehicles have meant that up to ten Chinese brands may leave the Russian market due to […]
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In another sign of shifting supply chains, Russia’s FESCO Transport Group has organised the first shipment of imported dates in a refrigerated container from Dubai (United Arab Emirates) to Russia. 23 tonnes of dried dates were loaded into a FESCO refrigerated container and delivered to the UAE’s Jebel Ali Port. The cargo was then loaded […]
Russia’s FESCO Transport Group has launched a new railway container service from China to Moscow in transit through Mongolia. This new route runs from the city of Wuhu, in China’s Anhui Province, (close to Shanghai), which is known for its engineering, automotive, electronics and chemical factories. The train then travels through northern China, and passes […]
Russia’s Pivot To Asia has just published their 2025 Guide to Latin America, a unique publication that includes details of Russia’s diplomatic, trade and investment engagement with Argentina, Bolivia, Brazil, the Caribbean, Cuba, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela. It is a complimentary download and can be accessed here. Russia’s involvement […]
Russia’s Deputy Prime Minister, Yury Trutnev has been visiting Windhoek, the capital of Namibia with a Russian business delegation, and has been holding talks with Selma Ashipala-Musawya, the Namibian Foreign Minister, about strengthening bilateral trade. Trutnev is also the co-chair of the Intergovernmental Russian-Namibian Commission on Trade and Economic Cooperation. Trutnev said that “Our countries […]
The Bank of Russia has released 2024 statistics showing that the current account surplus of the balance of payments of Russia for the year amounted to US$62.3 billion. That is US$12.8 billion, or 26.0% more than in 2023 (US$49.4 billion). The Central Bank had previously estimated the current account surplus for last year at US$53.8 […]
After completion of the planned scientific research work in the Exclusive Economic Zones (EEZ) of several Northwest African countries, the Russian Scientific Research Vessel (NIS) STM Atlantis has completed a voyage to the southwestern Indian Ocean to continue work in Mozambique’s EEZ, according to the All-Russian Research Institute of Fisheries and Oceanography (VNIRO). An Exclusive […]
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