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 time and cost of shipping containers from China to Russia have significantly decreased, with the supply of transportation now exceeding shipping demand. The transportation time has dropped to three weeks, and the rates on the Shanghai-Moscow route are now about US$5,000 per container. Oleg Poluektov, a Director of logistics for the Russian company ModernWay […]
This unique and brand new 2025 Guide includes Russia’s trade, investment and development status with Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. West Africa is a diverse region, with a considerable European colonial past and some regional conflicts, especially in the […]
The Russian President, Vladimir Putin, has been discussing bilateral relations with the Tajik President, Emomali Rahmon, in Moscow. They discussed prospects for expanding bilateral relations of strategic partnership and alliance, with a focus on trade, investment, cultural and humanitarian cooperation in addition to exchanging opinions on key regional issues. Both countries are members of the […]
The full free trade agreement between the Eurasian Economic Union (EAEU) countries and Iran will go into effect on May 15, according to Andrei Slepnev, the Eurasian Economic Commission Trade Minister. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. It fills the geographic space between Eastern Europe and Western China. The EAEU said in […]
Russia and Venezuela are celebrating their 80th year of diplomatic relations this year, with Russian Foreign Minister Sergey Lavrov giving comments on contemporary relations on Friday (March 14). This is an edited overview of what he had to say, concentrating on the trade and investment issues: Background “Today, Russian-Venezuelan relations are developing on a firm […]
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The Russian President Vladimir Putin, Belarusian President Alexander Lukashenko and Tajik President Emomali Rahmon, and their Azerbaijani counterpart Ilham Aliyev held informal discussions on Friday (March 14). All are members of the Commonwealth of Independent States, and discussing how to further develop interstate relations. Lukashenko had been on an official visit to Moscow from March […]
Russia and Morocco are to sign another four-year fishing agreement, according to Ilya Shestakov the head of Russia’s Federal Fisheries Agency. He said that “We have submitted a draft order to the government on the signing of a new agreement with the Moroccan side for four years and with the option of extension for another […]
Russia’s foreign trade for January amounted to US$50.7 billion, 4.6% more than in the same period last year. Exports increased by 3.2% to US$29.3 billion, and imports by 6.6% to US$21.4 billion, according to the Federal Customs Service (FCS) of Russia. Traditionally, mineral products have formed the basis of Russian exports. Their share in the […]
Russia’s FESCO transport company is launching intermodal container transport to landlocked Laos in southeast Asia, via the Vietnamese port of Da Nang as part of its efforts to expand logistics operations into the region. The transit time for deliveries between Russia and Laos via Vladivostok and Da Nang is about 35 days. Loading and dispatch […]
Russia and Indonesia grew their trade turnover of agricultural products to nearly US$1.5 billion in 2024, up 41.4% compared to the previous year, according to Russia’s Agroexport centre. This included approximately 1.4 million tonnes of agricultural goods. The main commodity items in the value structure of Indonesian imports from Russia in 2024 were wheat (92.3%), […]
Russia’s First Deputy Prime Minister Denis Manturov has been meeting with Uzbekistan’s Deputy Prime Minister Jamshid Khodjaev in Moscow. Manturov and Khodjaev are co-chairs of the Russia-Uzbekistan intergovernmental commission on economic cooperation. The two parties discussed priority issues regarding bilateral cooperation during the meeting, with Manturov emphasizing the significant potential of interregional cooperation. The two […]
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