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 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 […]
Russia’s FESCO transport has delivered refrigerated Indian grapes to the Russian consumer market for the first time, replacing EU sourcing markets, while continuing to buy grapes from Central Asia. The 80-tonne shipment was loaded into four forty-foot refrigerated containers at the Indian exporter’s warehouse. The consignment was then transported to the Nava Sheva port near […]
Russia and India have been exploring ways develop their bilateral trade partnership, with officials and experts participating at the “Russia and India: Towards a New Bilateral Agenda”, organized by the Russian International Affairs Council (RIAC) in Moscow. The event, which took place last Thursday (March 27) with support from the Indian embassy, highlighted that while […]
Russian and Chinese logisticians have been discussing the future development of the bilateral container market, with the first Russian-Chinese Logistics Conference held in Moscow last week as a side event to the TransRussia exhibition. Organised with the support of the general sponsor, Neptune Logistics Group, the Russia-China event was attended by more than 300 delegates […]
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A new transport and logistics centre to service freight transport between Russia and China is to be launched in Russia’s Far Eastern Khabarovsk, according to the Russian Corporation for the Development of the Far East and the Arctic. This includes a vehicle checkpoint on the border with China on the Bolshoy Ussuriysky Island on the […]
In this unique guide, we showcase Russia’s diplomatic, trade and investment ties with a region where Russia’s influence is undoubtedly growing, and include Mexico as well as the Central American countries of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. Russia’s involvement in Central America has been somewhat restricted due to distance, the […]
The Russian Ambassador to Mexico, Nikolay Sofinsky, has given an interview to TV BRICS concerning Russia’s current relations with Mexico. This included subjects such as bilateral development and trade details, BRICS, cultural exchanges and the potential for other Russian-Latin American trade. TV BRICS questions are prefixed as such, Nikolay Sofinsky’s responses are prefixed NS. Our […]
The humble banana is a point of trade interest between Russia and Latin America’s Ecuador, with the south americans providing 16% of all bananas consumed in Russia. There have been some inconsistencies in product, leading to experts from Russia’s plant and animal health watchdog Rosselkhoznadzor to conduct an audit of Ecuador’s banana certification system in […]
The Eurasian Economic Union (EAEU) and Mongolia have agreed on the remaining issues concerning a temporary free trade agreement, according to the Eurasian Economic Commission (EEC). This follows a meeting between EEC Trade Minister Andrei Slepnev and Gantumur Luvsannyam, the Mongolian Economic and Development Minister. Slepnev said “We have conducted productive talks, in which we […]
Russia imported 20,000 tonnes of seafood from Iran in 2024, up 25% from the previous year, the Russia Fish Union said, citing the European Market Observatory for Fisheries and Aquaculture Products (EUMOFA). In monetary terms, imports also increased 25%, reaching US$60 million in value. Russia accounted for 10% of Iran’s total seafood exports in volume […]
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