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.
Master market entry into Russia. Get practical guides on import regulations, customs clearance, and distribution channels. Essential for international businesses targeting the Russian market.
Russia’ Fast Payment System (SBP), in which banks will accept money transfers by phone number is rapidly developing and has now expanded to include nine countries: Abkhazia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Laos, Moldova, Tajikistan and Uzbekistan. The number of foreign banks accepting money through the SBP by phone number is also growing, with 50 now […]
The now three-year conflict with Ukraine has resulted in an almost complete deterioration in Western European and Russian political ties, with this particular struggle marked by an intensive media campaign waged against Russia. That has manifested itself in a somewhat unique, blanket overview of the conflict, largely directed by the pro-Kiev factions, sometimes to a […]
Russia’s Pivot To Asia has published a new “2025 Guide to SAARC & BIMSTC” which details Russia’s trade, investment and geopolitical developments with both these South Asian trade blocs. SAARC includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. SAARC comprises 3% of the world’s land area, 21% of the world’s population and […]
Update: January 16Russia is willing to supply liquefied natural gas (LNG) and oil to Vietnam, as well as help develop its nuclear power sector as it seeks to expand energy cooperation, Russian Prime Minister Mikhail Mishustin has stated. Russia and Vietnam have also agreed to continue supporting oil and gas projects on each other’s continental […]
Uganda’s Foreign Minister, John Mulimba, has highlighted the transformative potential of BRICS membership as part of the countries development strategy. Uganda officially became a BRICS partner state on January 1. Speaking during an interview with China’s Xinhua News Agency, Mulimba stated during 2025, Uganda’s BRICS partnership would help unlock investment opportunities and deepen ties with […]
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Vladimir Serpikov, Director of the EAEU Trade Policy Department, held a working meeting with Liu Jin, Minister Plenipotentiary for Trade and Economic Affairs of the Embassy of the People’s Republic of China in Russia at the Eurasian Economic Commission on January 10th. The two sides discussed the current state and prospects for the development of […]
Russia’s Pivot To Asia have just published their 2025 Guide to ASEAN, which details Russia’s trade, investment and geopolitical involvement with the ASEAN group. ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. We detail Russian trade trends looking back at 2024 and ahead into 2025, and also include chapters […]
A symbol, as well as being representative of Russia’s move to replace previously EU manufactured imported products with products of Russian origin is Russia’s viniculture sector. Wines from Italy, France and Spain have long been popular in Russia, with these three countries alone accounting for 80% of all EU wine exports. In addition, viniculture is […]
Indonesia has become a full member of the BRICS group, the its current rotating chair country, Brazil, announced on Monday (January 6). It brings the full member number of BRICS countries to ten, with the others being Brazil, Russia, India, China and South Africa, in addition to Egypt, Ethiopia, Iran, and the UAE. Several other […]
Russia’s Pivot To Asia have published their ‘2025 Guide to Central Asia’, which details Russia’s trade, investment and geopolitical relations with Kazakhstan, Turkmenistan, Tajikistan, Uzbekistan, Afghanistan, Kyrgyzstan and Mongolia. It also discusses the roles and developments within the Commonwealth of Independent States and the Eurasian Economic Union. It is essential reading for anyone interested in,or […]
2024 was marked by distinct changes in Russia’s foreign trade turnover, as sanctions and geopolitical instability forced the Russian economy to adapt to a new normal. Despite these challenges, exports grew by 0.5% to reach US$278 billion in value, while the focus of attention of Russian suppliers was Asia, Africa and the CIS countries. It […]
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