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 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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October 24, 2024

BRICS 2024 Heads of State ‘Kazan Summit Declaration’ – Contents & Analysis

The 2024 BRICS summit has concluded with a ‘Kazan Summit Declaration’, with 134 points covering 43 pages. The key topics include further development of the association, position on various global issues, sanctions, settlement of regional crises, including in Ukraine and the Middle East, in addition to a comprehensive reform of the United Nations (UN), including […]

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October 24, 2024

BRICS, Russia and Turkiye:  2024 Developments and Implications

Vladimir Putin has met with Recep Tayyip Erdogan, the President of Turkiye at the BRICS Summit in Kazan. This is what they had to say: Putin: “Once again, I would like to welcome everyone to Kazan and to repeat how much I appreciate it that you have accepted the invitation to attend the BRICS Plus/Outreach […]

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October 24, 2024

BRICS, Russia and Iran: 2024 Developments and Implications 

Vladimir Putin has met with Masoud Pezeshkian, the President of Iran at the BRICS Summit in Kazan. This is what they had to say: Putin: “This visit to Russia is your first as President of the Islamic Republic of Iran, and this has great symbolic importance. Iran has become a full participant of BRICS, and […]

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October 24, 2024

BRICS, Russia, and Egypt: 2024 Developments and Implications

Vladimir Putin has met with Abdel Fattah el-Sisi, the President of Egypt at the BRICS Summit in Kazan. This is what they had to say: Putin: “Thank you for attending the BRICS forum. The fact that you are taking part in it having completed the formal accession procedure during Russia’s chairmanship of this group sends […]

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October 24, 2024

BRICS, Russia and China: 2024 Developments and Implications

Vladimir Putin has met with Xi Jinping, the Chinese President, at the BRICS Summit in Kazan. This is what they had to say: Putin: “Chinese comrades and friends, I extend a warm welcome to all of you here in Russia, particularly in the Republic of Tatarstan, in Kazan, the capital of the Republic. This region […]

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October 24, 2024

BRICS, Russia, and India: 2024 Developments and Implications

Vladimir Putin has met with Narendra Modi, the Indian Prime Minister at the BRICS Summit in Kazan. This is what they had to say: Putin: “I am delighted to welcome you to Russia, this time to Kazan, a magnificent historical city on the Volga. I warmly remember your visit to Moscow and our fruitful talks […]

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