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 bilateral trade turnover of agricultural products between Russia and Sri Lanka grew 2.4-fold to reach US$343.7 million in 2024, Russia’s Agroexport federal centre has said. While relatively small, the results show an improvement in the Sri Lanka economy, with the country defaulting on its foreign debts in 2023. Russia has provided some aid assistance. […]
In signs that some businesses are preparing to return to the Russian market, South Korea’s auto giant Hyundai has registered at least eight new trademarks with Russia’s intellectual property service, Rospatent, this month. The filings suggest that Hyundai could be preparing for a return to the Russian market. The new trademarks grant the company the […]
Russia’s Trade & Industry Ministry has stated that Russia will impose increased customs duty of 35% on perfume, eau de toilette, powder, hair and lip makeup products, as well as skin care products imported from unfriendly countries. The tariffs are immediately effective. The Ministry notes said that the updated list of goods subject to duty […]
French luxury brand Louis Vuitton has registered up to six new trademarks in Russia, according to media reports citing records kept by the country’s federal intellectual property agency, Rospatent. Louis Vuitton filed an application in October, and Rospatent registered a new trademark this month, which is valid until 2034. The Rospatent database apparently shows that […]
The Russian Ministry of Foreign Affairs has hosted an informational meeting of the leadership of the Strategic Vision Group ‘Russia – Islamic World’ with the ambassadors of the member states of the Organisation of Islamic Cooperation (OIC). The meeting was co-hosted by Sergey Lavrov, Russia’s Foreign Minister, and Rustam Minnikhanov, of the Republic of Tatarstan, […]
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The Russian President, Vladimir Putin, and South Africa President Cyril Ramaphosa have held a telephone conversation to discuss the further development of bilateral cooperation, particularly in trade and economy, as well as investment. South Africa has come under significant United States tariff pressures with Washington imposing a 31% import tariff on all South African goods. […]
Two more logistics terminals will be built on the Russian border of Buryatia with Mongolia: one near the Naushki railway checkpoint, the second near the Kyakhta checkpoint, according to the Kyakhtinsky government. The construction projects will begin immediately, and should be completed by 2027. The local newspaper stated that Andrey Fomin, the head of the […]
Russia’s JSC A7 Holdings, wholly owned by former FESCO co-owner and Board Chairman Andrei Severilov, has founded a new legal entity in the freight transportation sector. According to the Russian Unified State Register of Legal Entities, A7 African Cargo Lines LLC (A7 ACL, Moscow) was registered on April 17 with an initial charter capital of […]
Russia and Qatar have signed an agreement to establish a new US$2 billion investment platform aimed at strengthening economic ties and boosting bilateral cooperation. The deal was signed on Thursday (April 17) following talks in Moscow between Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad Al Thani, who was in Russia on […]
A meeting of the Russian-Indonesian Intergovernmental Commission was held last week in Jakarta at the Ministerial level, led by Russian First Deputy Prime Minister Denis Manturov. The meetings had a wide-ranging agenda, including the proposed free trade agreement, inter-banking, energy, and industrial and agricultural developments. Indonesia is a major Southeast Asian economy with a population […]
China’s auto manufacturers have leapt to a 45% Russian market share over the past three years as European manufacturers exited the market and Chinese brands swept in to replace them. However, oversupply and changes in Russia’s import tariffs on vehicles have meant that up to ten Chinese brands may leave the Russian market due to […]
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