Russia’s trade and investment into the Middle East is rapidly developing, with relations both through the Gulf Cooperation Council and the Arab League all helping boost bilateral trade by 25% during 2025. Partially driven by the developments along the INSTC, and new regional free trade agreements, we provide analysis of the growing Russia-Middle East economic partnership. Discover trade statistics, investment flows from the GCC, and business opportunities for companies in both regions.
The Russian President Vladimir Putin held discussions with the Saudi Crown Prince Mohamed bin Salman Al Saud on Thursday (March 13) following the US bilateral talks with Ukraine which the Prince hosted. In addition to no doubt discussing the content of the talks, the two also discussed collaboration within the OPEC+ platform, which regulates oil […]
Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office […]
The Joint Maritime Security Belt 2025 exercise involving Russian, Iranian, and Chinese warships has begun from Iran’s Chabahar port in the Gulf of Oman. The Russian side is represented by the Rezky and Hero of Russia Aldar Tsydenzhapov corvettes, and the Pechenga tanker of the Pacific Fleet. China had deployed two warships and one logistics […]
The Russian animal feed producer, CJSC SK Korocha, from Kursk has shipped its first batch of feed for non-productive animals to Iraq, according to the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor)’s offices for the Oryol and Kursk regions. Russian exporters across the country have been actively looking for new markets to the East […]
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 […]
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Dagestan’s Makhachkala Commercial Sea Port (MCSP) is negotiating the export of fertilizers and timber products to Asia and the Middle East, according to Sergei Melikov, the Head of the Dagestan Republic. He was speaking during a conference on the development of transport in Dagestan. The Republic is part of the Russian Federation and has a […]
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 […]
The Russia-Iraq Intergovernmental Commission on Trade, Economic and Scientific-Technical Cooperation has been holding its bilateral meetings in Baghdad this week, with the two countries analyzing their existing agreements and exploring new ones to better develop more active business cooperation. Russia Energy Minister Sergei Tsivilev, in attendance, said to the Iraqi Foreign Minister Fuad Hussein “Thank […]
Russia and Qatar have agreed to step up trade and economic cooperation, including in the energy sector, Russian Foreign Minister Sergei Lavrov has stated, saying that “We have agreed to intensify work in all areas, primarily in the trade and economic sector, in the energy sector, within the framework of such organizations as the Gas […]
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 […]
February 27 Update: Russian and American diplomats will meet in Istanbul on Friday, February 27 to discuss administrative and communication problems in the work of the two countries’ embassies, which stacked up as a result of activities of the previous US administration. The two sides stated that meeting in Istanbul will make it clear “how fast […]
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