Trade News & Analysis

Trade

Russia’s total trade reached about US$745 billion during 2025, also showcasing a significant, albeit shifting, trade surplus of about US$120 billion. In this section we cover all news concerning Russian trade developments, with Russian exporters increasingly reaching out into new markets on a global basis as it pivots away from the West. This is the definitive source on Russian trade. Get the latest data, analysis, and news on Russia’s import/export activities, trade agreements, and increasing commercial partnerships with the Global South.

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April 7, 2026

Russia To Strengthen Ties With Islamic Countries: Lavrov

Russia’s Foreign Minister, Sergey Lavrov, has met with the Ambassadors of all the 57 Organisation of Islamic Cooperation (OIC) members, stressing the need for further cooperation and trade development. The OIC has a combined population of about 25% of the entire world’s people.

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April 7, 2026

Russia, Saudi Arabia To Commence Visa-Free Travel From May 11 

Russia and Saudi Arabia are to start their mutual visa-free programme from May 11. There are about 20 million Muslims in Russia, in regions such as Tatarstan, Bashkortostan, Dagestan, Chechnya, Ingushetia, Kabardino-Balkaria, and Karachay-Cherkessia. The annual Haj pilgrimage to Mecca runs from May 24 to Friday May 29.

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April 7, 2026

Sri Lanka Begins Purchasing Russian Oil

Sri Lanka has begun purchasing oil from Russia after supplies from its normal Middle East suppliers were disrupted a month ago. The price of fuel has rocketed and shortages have been affecting many aspects of local life and services. The first shipments are due to arrive at the end of this month.

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April 7, 2026

Russia, Venezuela To Resume Tourism

Russia is set to resume its tourist trade with Venezuela after the countries President Maduro was abducted by US forces in January. The local situation appears to have returned to some normality with the resumption of direct flights between Moscow and Isla Marguerita now under discussion.

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