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 Russian Foreign Minister, Sergey Lavrov, and Trade and Industry Minister Anton Alikhanov met with Egypt’s Egyptian Foreign Minister Badr Abdelatty in Moscow on Monday. The meetings were to discuss the situation in Palestine, as well as trade updates and other bilateral relations. Egypt is also a member of BRICS, with the 2024 annual heads […]
Russian fish exporters need to actively develop new niche markets through marketing tools, according to German Zverev, President of the All-Russian Association of Fishermen. This will be of interest to Russian sales and marketing businesses with China market capabilities. According to Zverev, China is currently the second largest global importer of fish products after the […]
Myanmar would like to participate in BRICS as an observer country, its Minister for Information Maung Maung Ohn has stated: “We are poised for cooperation with the integration as an observer country, without full membership.” Russia took over the BRICS chairmanship from 1 January this year and will hold the BRICS summit with the participation […]
In a tit-for-tat move, President Putin has asked the Russian government to look into imposing restrictions on Russian exports of so-called ‘strategic’ materials such as nickel, titanium and uranium in response to sanctions imposed by the West. If carried out, the move has the potential to reshape critical industry supply chains as Russia’s allies, such […]
Russia and Turkmenistan’s bilateral trade has surged this year, increasing by 73% in the first half of 2024, surpassing US$700 million, according to the Russian Ministry of Economic Development. Deputy Minister of Economic Development of Russia Dmitry Volvach stated that “Last year, trade between Turkmenistan and Russia grew by 13%, and in the first half […]
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The Digital Ruble will be in use across Russia in less than a years’ time, as the Central Bank has issued instructions to Russia’s systemically important lending institutions to allow clients the option to conduct transactions in Digital Rubles by July 1, 2025. The regulator has sent the corresponding proposals on amending the legislation to […]
Uranium One Group, a division of Russian SOE Rosatom, and Bolivia’s SOE Yacimientos de Litios Bolivianos (YLB) have signed a contract to build a lithium carbonate production plant at the Uyuni Salt Flat in Potosi, Bolivia, in the second half of 2025. Production will then gradually expand to eventually produce up to 14,000 tonnes of […]
Some Russian businesses have begun using gold to pay Chinese suppliers to get around US sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers. The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the […]
Russia’s Transit Transport Group, (TTG) one of Russia’s largest shipping companies has expanded its ‘Fetled Express’ marine service from Shanghai to St. Petersburg, adding the Sri Lankan port of Colombo to the route. The service directly connects China, Vietnam, Sri Lanka, Turkey, and Russia and is part of the Asia-Russia intermodal transportation chain. The full […]
The redevelopment of Big Ussuri Island, including the opening of a new Russia-China border crossing, is stimulating billions of rubles of investment into the area, according to the Khabarovsk Minister of Economic Development, Viktor Kalashnikov. Bolshoi (Big) Ussuri Island is on the Amur River, along the border between Russia and China. The Russian part of […]
For the first time a goods train will deliver products directly from Ulyanovsk to Baku and then to Iran’s Astara in less than a month, the head of the region Alexey Russkikh said. Ulyanovsk, the administrative centre of the Ulyanovsk region, located on the banks of the Volga and Sviyaga rivers, is a major diversified […]
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