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.
Oman and Qatar are interested in expanding the North-South International Transport Corridor (ITC), the multimodal supply chain route that stretches from Russia’s Caspian Sea coast to Iran and onto South Asia. Marat Zembatov, a member of the Russian-Omani Business Council at the Chamber of Commerce and Industry of Russia, and a member of the transport […]
Libya has expressed interest in joining the BRICS group, according to Taher al-Bawr, the Acting Foreign Minister has said in an interview at the First Russia-Africa Ministerial Conference. Al-Bawar said that “We are interested in joining, but joining is a guarantee of the value, the benefit that Libya can receive from joining the association. In […]
The Russian government and relevant authorities should simplify the possibility for foreign tourists to enter regions of the Russian Far East, President Vladimir Putin has said, in assignments given at the conclusion of meetings with Russian officials during the recent Eastern Economic Forum in Vladivostok. The Russian State Cabinet, together with the Foreign Ministry, the […]
Russia and Iran have completed the pairing of their national payment systems, which will allow travelers from the two countries to use their domestic debit cards for purchases in either Iran or Russia. Both countries are currently suspended from the SWIFT international payments system, with the non-SWIFT pairing of Russia and Iran significant as it […]
In a push to deepen India-Russia ties, Russian Deputy Prime Minister Denis Manturov and India’s External Affairs Minister S. Jaishankar will co-chair the Intergovernmental Commission on Trade, Economic, Scientific, Technical, and Cultural Cooperation (IGC-TEC) meeting in New Delhi on Tuesday (November 12) in an event announced by the Russian embassy. The two sides will focus […]
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Sergey Lavrov, the Russian Foreign Minister, held several bilateral one-on-one meetings with the Foreign Ministers of Madagascar, Togo, Congo, Equatorial Guinea, Burundi, Guinea and Namibia on the sidelines of the first Ministerial Conference of the Russia-Africa Partnership Forum. The meetings took place in Sochi, between November 8 – 11. We provide a brief introduction to […]
The Russian Foreign Minister Sergey Lavrov has attended the Foreign Ministerial Conference of the Russia-Africa Partnership Forum which has just finished in Sochi. Giving the plenary speech yesterday (Sunday, November 10) Lavrov introduced a ‘Comprehensive Strategic Partnership’ as part of a package of agreements with numerous African countries attending the event. He stated that Russia […]
The Russian Foreign Minister, Sergey Lavrov, has been in Astana, Kazakhstan, meeting with the Kazakh President Kassym-Jomart Tokayev, and the Foreign Minister Murat Nurtleu. Following these meetings, Lavrov held a press conference during which he discussed several issues relating to a planned visit by President Putin to attend the Collective Security Treaty Organisation (CSTO), as […]
Overall tourism numbers to Russia have tripled from the beginning of 2024, according to Russia’s Federal Security Service (FSB). There were 13 million trips by foreign nationals to Russia from January to September 2024, up 11% from the same period last year, according to data from the FSB border service. The data also shows a […]
The Kaliningrad Amber Combine (KAC), which operates a chain of Amber-specific jewelry stores in Russia, has opened an outlet in Shenzhen, China, and is looking at the same in Hong Kong. The company will operate under a franchise agreement with the Chinese company “Shenzhen Hudafu Jewelry”. The store, which has an area of 115 square […]
The Centre for Breeding and Primary Seed Production department of Russia’s EkoNiva Group has signed an MoU with Chile’s Agricultural Research Institute (INIA). It aims to help introduce accelerated breeding methods and develop the exchange of experience between the two countries’ main plant breeders. It plans to cut the time needed to create new agricultural […]
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