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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Russia’s FESCO Transportation Group has opened a subsidiary enterprise in Vietnam to develop maritime and intermodal container transportation in Southeast Asian countries, the company has said. DBF Logistics Vietnam will ensure the smooth operation and development of the group’s services in Vietnam, including the regular FESCO Vietnam Direct Line which connects Vladivostok with the ports […]
Russia’s FESCO Transportation Group has established a marine container service between Novorossiysk and the Kenyan port of Mombasa on the East African coast. The first consignment of FESCO containers is already being loaded in Mombasa to ship Kenyan tea to Russia. The overall transit time between Mombasa and Novorossiysk is around 43 days. The bulk […]
The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population […]
Russia’s SIBUR, a major integrated petrochemicals company, is finalizing tests of experimental tires made with synthetic rubber instead of natural rubber in collaboration with its partners and plans to present the results in 2025. Daria Borisova, SIBUR’s Managing Director for Development and Innovation, said that preliminary results from bench, test site and durability tests confirm […]
Bilateral trade between Russia and China has increased by 2.1% year-on-year to US$222.774 billion in the first eleven months of 2024, according to data released on Tuesday (December 10) by China’s customs. That implies a 2024 total of US$243 billion will be reached for the year, a record high and slightly more than last years […]
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Russian entrepreneurs are preparing to supply agricultural products and wines to Kenya, and plans are underway to establish a Russian trading house in Nairobi, according to Vladimir Vishnevsky, head of the commission for developing relations with Africa at ‘New Formation’, one of Russia’s largest business organizations. The comments were made following a recent meeting between […]
Rail freight from China to Europe continues to rely heavily on transit through Russia, however the EU’s own sanctions, and especially new counter-sanctions imposed by the Kremlin, continue to create significant obstacles. For example, Italian logistics firms and importers have been complaining that containers following the China-Europe rail route have been stopping in Russia in […]
The new Nizhneleninskoye-Tongjiang cross-border bridge between Russia and China has proved beneficial to Russia’s raw material exports since it opened in November 2022, and has become a key route for Russian coal and iron ore to be transported to China. Chinese finished goods are also imported in containers via the same cross-border bridge. Russia’s Transit […]
A Chinese automaker is considering Novosibirsk and Irkutsk regions as possible locations for a plant, the chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE), Vitaly Mankevich has stated. He was speaking at the GlobalSibExpo-China 2024 Automobile Transport, Logistics and Engineering Forum in Novosibirsk. Mankevich said that “The construction of a Chinese automobile company’s […]
Peru has been hosting the annual Asia-Pacific Economic Cooperation (APEC) summit, with the head of the Russian delegation, Deputy Prime Minister Alexei Overchuk, received by the Peruvian Prime Minister Gustavo Adrianzén Olaya. During their meeting, the sides discussed the current state of trade and economic relations between Russia and Peru as well as their prospects […]
The Russian Ministry of Industry, Trade, and Energy of the Astrakhan region has stated that regional authorities are working on the issue of determining an operator for a regular ferry service to be launched between the Olya port, in the Astrakhan region and Turkmenbashi port in Turkmenistan. Large Caspian shipping companies are apparently ready to […]
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