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.

Railway
Featured September 19, 2024

Russian Railways To Build 2,000km Of Extra Track Along The Trans-Siberian and BAM Routes To Asia

The third expansion stage of Trans-Siberian and Baikal-Amur Mainline (BAM) railway has been approved by the Russian government, allowing the Russian Railways to immediately invest in design and survey work on these extensions. This includes labour-intensive work involving the laying of over 2,000 km of new tracks, three new tunnels for the accompanying road highway, […]

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Russian Bitcoin
Featured September 18, 2024

Russia Preparing For Crypto Transactions By 2025 In Foreign Trade  

Russia’s financial authorities are moving towards the use of crypto-currency for international trade, with a focus group established to pilot and test international trade settlements using digital currencies. The group reportedly consists of members of the Russian Chamber of Commerce, and the Association of Electronics Developers and Manufacturers, as well as several lenders. The selected […]

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September 18, 2024

Russia To Construct Fuel Pipeline In The Republic Of Congo

Russia has tentatively agreed to the construction of a fuel pipeline in the Republic of Congo, according to a Russian government decree published on Monday (September 16). The pipeline will link the western port of Pointe-Noire to the capital Brazzaville, and will also pass through the town of Loutete, about 155 kilometers (96 miles) west […]

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Russia Egypt
September 17, 2024

Russia – Egypt Bilateral Trade Triples To Over US$7 Billion

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 […]

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September 17, 2024

Russia Wants To Reel In China’s Growing Fish Consumer Market

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 […]

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September 16, 2024

Myanmar Wants To Join BRICS As An Observer

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 […]

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September 15, 2024

Russia-Turkmenistan Bilateral Trade Up 73% In H1 2024

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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September 13, 2024

Russia To Build Lithium Carbonate Plant In Bolivia

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 […]

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September 12, 2024

Russia Begins Paying China Traders In Hong Kong Using Couriered Gold

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 […]

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