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 Zimbabwe Foreign Minister, Amon Murwira, has been visiting Moscow and has held meetings with Sergey Lavrov, the Russian Foreign Minister. Muwira stated that Zimbabwe is keen to join the BRICS group and join the BRICS New Development Bank as a partner state. In addition, he stated that his country was willing to further develop […]
The long-delayed proposals to establish a Russian Industrial Zone at Port Said near the Suez Canal in Egypt appear to be coming to a conclusion with a planned meeting of the two countries’ intergovernmental commission in May, according to Russian State Secretary and Deputy Industry and Trade Minister Roman Chekushov. An agreement to proceed with […]
Trade between Russia and the African continent increased to a record of US$24.5 billion, marking a new peak in economic relations between the two regions, as Russia has been making increasing inroads into Africa and European powers slowly withdraw. Despite economic obstacles and western sanctions, Russia and Africa are finding new ways to support their […]
AvtoVAZ representatives will visit Ecuador in March this year and discuss the resumption of sales of Russian cars to the country, according to the Ecuadorian Ambassador Juan Fernando Holguin Flores. Despite sanctions, and the subsequent difficulties with payments and logistics, Russia remains an important trading partner of Ecuador, with Russia one of the main buyers […]
Russia, Iran and Iraq will form a working group for the joint development of the International North-South Transport Corridor (INSTC), Russian Energy Minister Sergei Tsivilev stated after a meeting of the Russia-Iraq Intergovernmental Commission for Trade, Economic, Scientific and Technical Cooperation. Tsivilev, the Commission Co-Chair, said that “There was a proposal from the Iraqi prime […]
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The Russian Foreign Minister, Sergey Lavrov has been in Tehran holding talks with his Iranian counterpart, Abbas Araghchi, as well as with the Iranian President, Masoud Pezeshkian. Much of these discussions revolve around resolving bottlenecks at the Rasht-Astara railway route, which is part of the INSTC network between Russia and the Middle East. Construction work […]
The Russian Foreign Minister, Sergey Lavrov was in South Africa last week attending the G20 Foreign Ministers meetings. During that event, he met with Ronald Lamola, the South African Foreign Minister. The two underscored the need for closer foreign policy coordination at the United Nations as well as the G20 and BRICS, highlighting the significance […]
Freight rail transportation between Russia and Pakistan is scheduled to begin from March 2025, according to the Russian Ministry of Transport. The announcement was made following the results of the Third Caspian Economic Forum in Tehran, during which Russia and Iran signed a Practical Action Plan for cooperation in the transport sector for 2025. This […]
The Belarusian Deputy Economy Minister Alesya Abramenko has said that bilateral trade in goods and services between Russia and Belarus reached US$57.6 billion, achieving a growth rate of 107.4% in 2024. Abramenko was speaking at a meeting of the interdepartmental working meeting of the Belarusian Economy Ministry and the Russian Economic Development Ministry. She added […]
Trade between India and Russia using the International North South Transport Corridor (INSTC) almost doubled last year, according to Russian Railways official Dmitry Kryukov. New Delhi is increasing the volume of exports via the route as it looks to reduce its substantial trade deficit with Moscow. Kryukov said that “The net cost of the service […]
Russia boosted turnover of agricultural products with Egypt 20% and Tunisia over 30% in 2024, the Russian Agriculture Ministry has said. The data was released following talks between Russian Agriculture Minister Oksana Lut and Baha El-Ghannam, director of Egypt’s Mostakbal Misr agency for sustainable development, and Salwa Ben Hadid Zouari, the CEO of Tunisia’s grain […]
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