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.
The Indian Embassy in Moscow has stated that during 2024, the number of Indian tourists visiting Russia exceeded 120,000 people, and added that “If this trend continues, the mutual tourist flow can potentially surpass 450,000 for 2025.” In 2023, around 60,000 Indians visited Russia, while an estimated 160,000 Russians travelled to India – more than […]
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 […]
The Iranian Foreign Minister, Abbas Araghchi has been visiting Moscow and has met with both President Putin and Russia’s Foreign Minister, Sergey Lavrov. Apart from mediating in the proposed United States-Iran nuclear agreement, the two sides also held extensive discussions concerning Russia-Iran bilateral relations. Following these, Lavrov held a press conference to describe the latest […]
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 […]
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The Russian Foreign Minister Sergei Lavrov and his Turkish counterpart Hakan Fidan have discussed the situation in the South Caucasus and the Black Sea region and Russian-Turkish economic and energy cooperation, during the Antalya Diplomacy Forum held last week. The Antalya Diplomacy Forum (ADF) is an annual conference on international diplomacy that is held in […]
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 […]
The Russian Ruble has strengthened against the US dollar by 38% in over-the-counter trading since the beginning of the year, becoming the world’s most profitable currency due to the US dollar weakening amid new American duties, according to Bloomberg, who cited economists. Among them was Sofya Donets, an economist at T-Investments, who stated “Unlike many […]
Russia’s Murmansk Arctic Port, near to Norway and originally intended to service Northern Europe, has been sanctioned by the EU and remains off limits for use by European operators. However with the increasing use of the Northern Sea Route, it is ideally positioned to take advantage of Western Russian exports to China and Asia, a […]
Russia’s Agroexport Centre has stated that Russia has the potential to increase dried lentil exports to Turkiye to values of US$150 million by 2030. Russia’s main competitors on the Turkish lentil market are Canada, Kazakhstan and Australia. Russian lentil exports to Turkiye fell to US$76.1 million last year from US$100.6 million in 2023, with exports […]
Russia’s Energy Strategy: Crude Oil Production and Export Outlook to 2050 – a document outlining the country’s vision for the energy sector and response to global challenges – was approved by Prime Minister Mikhail Mishustin on Monday. It provides a conservative approach to crude oil production, aiming to stabilize output at approximately 10.84 million barrels […]
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