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.

Featured October 28, 2024

Africa and the 2024 BRICS Summit: Executive Summary

The African continent was well represented at the 2024 BRICS Heads of State Summit, with two major African economies in Algeria and Nigeria, as well as Uganda now going through a membership process. Other African nations were also present. We summarise what happened on a country-by-country basis involving Africa as follows: South Africa South Africa […]

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Featured October 28, 2024

The Middle East and the 2024 BRICS Summit: Executive Summary

The Middle East was a key component of the 2024 BRICS Heads of State Summit, with considerable diplomatic engagement concerning the on-going crisis. Just one day after the Iranian delegation returned from Russia, Israel attacked Tehran. The Palestinian President was also invited to the summit as was the UN Secretary-General. However, apart from the security […]

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October 28, 2024

Southeast Asia and the 2024 BRICS Summit: Executive Summary

Asia was well represented at the 2024 BRICS Heads of State Summit, with both China and India, the two most populous countries in the world attending, together with four ASEAN big hitters in Indonesia, Malaysia, Thailand and Vietnam now going through a membership process. Other Asian economies were also present. We summarise what happened on […]

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October 27, 2024

BRICS, Russia, and Vietnam:  2024 Developments and Implications 

Vladimir Putin has met with, Pham Minh Chinh, the Prime Minister of Vietnam, following the 2024 BRICS Summit in Kazan. This is what they had to say:  Putin: “Once again, allow me to warmly welcome you to Russia. I have warm memories from my recent visit to Vietnam and the conversation we had. It was […]

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October 27, 2024

BRICS, Russia and Laos:  2024 Developments and Implications  

Vladimir Putin has met with Thongloun Sisoulith, the President of Laos, following the 2024 BRICS Summit in Kazan. This is what they had to say:  Putin: “Once again, I warmly welcome you all and would like to thank you, above all, for your participation in the BRICS Summit. The group is a prototype of multipolarity, […]

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October 26, 2024

BRICS, Russia, and Bolivia:  2024 Developments and Implications

Vladimir Putin has met with Luis Alberto Arce Catacora, the President of Bolivia, following the 2024 BRICS Summit in Kazan. This is what they had to say:  Putin: “I am delighted to see you in Russia again. Your visit to St Petersburg in June was very fruitful. We held substantive talks and attended the plenary […]

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October 26, 2024

BRICS, Russia, and Ethiopia:  2024 Developments and Implications 

Vladimir Putin has met with Abiy Ahmed, the Prime Minister of Ethiopia, following the 2024 BRICS Summit in Kazan. This is what they had to say:  Putin: “Mr Prime Minister, I am delighted to see you again. Ethiopia’s accession to BRICS is a momentous decision and yet further proof of your country’s prestige on the […]

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October 26, 2024

BRICS, Russia, and Mauritania:  2024 Developments and Implications 

Vladimir Putin has met with Mohamed Ould Cheikh El Ghazouani, the President of Mauritania, following the 2024 BRICS Summit in Kazan. This is what they had to say:  Putin: “Mr President, I am delighted to meet with you. We appreciate your decision to personally visit Kazan not only as head of state but also as […]

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October 25, 2024

Putin BRICS 2024 Summit Summary and Media Q&A: Analysis

BRICS trade and payments systems, the Ukraine conflict, North Korean soldiers, Donald Trump and Engagement with Africa  The Russian President Vladimir Putin has given a speech summarising the activities of the 2024 BRICS Heads of State summit in Kazan, followed by a Q&A session. We provide his speech first, followed by the Q&A. Questions are […]

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October 25, 2024

BRICS Invites 13 Partner States To Join: Full Details

The BRICS countries have agreed to include 13 countries in the category of “Partner States” in the association. However, the entry of these countries has not yet been made official, as the newly established protocol in the procedure requires the country holding the current Chairmanship of the organisation (in this case, Russia, from 2025, Brazil) […]

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