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 December 14, 2024

Russia, India Agree Massive Ten Year Oil Refining Contract

Russia’s state energy giant Rosneft has agreed to supply up to 500,000 barrels a day of various crude oil grades, under a ten year contract, to Indian private refiner Reliance. Worth roughly US$13 billion a year at current prices, the energy deal is the biggest-ever between Moscow and New Delhi. Under the decade -long agreement, […]

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Featured December 13, 2024

Russia’s 2024 Wheat Exports To Africa Up 35%

Russia has increased its exports of wheat to Africa by 35% in 10M this year, reaching over 21 million tonnes, according to the Russian Agriculture Ministry’s Agroexport center. Egypt, Algeria, and Kenya were the main importers of Russian wheat in Africa, but supplies also increased 6-fold to Morocco, and by 3.7 times to Nigeria. Of […]

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December 13, 2024

Russia Launches Shipping Service Between Novorossiysk and Mombasa

Russia’s FESCO Transportation Group has established a marine container service between Novorossiysk and the Kenyan port of Mombasa on the East African coast. The first consignment of FESCO containers is already being loaded in Mombasa to ship Kenyan tea to Russia. The overall transit time between Mombasa and Novorossiysk is around 43 days. The bulk […]

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December 11, 2024

Eurasian Economic Union Reaches Agreement on Unified E-Commerce  

The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population […]

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December 11, 2024

Zimbabwe Wants Russian Assistance With African Space Programme

Zimbabwe is looking for Russian assistance to build its own spaceport and send its first astronaut into orbit within the next decade, according to Painos Gweme, the director of Zimbabwe’s National Geospatial and Space Agency (ZINGSA). Gweme has stated that Zimbabwe has begun negotiations with Russia’s national spaceflight corporation, Roscosmos, about planned projects, including sending […]

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December 11, 2024

Russia’s Tagras Holdings To Resume Oil Exploration In India

The geophysical division of TNG-Group, part of the Tatarstan-based oilfield services holding Tagras Holdings, plans to resume operations in India, the company has said following discussions with Oil India, the country’s largest oil producer. TNG-Group and Oil India previously collaborated on the processing and interpretation of seismic data. The geophysical division of Tagras has also […]

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December 11, 2024

Russia Exports Record Amounts Of Honey 

Russia has boosted exports of honey 43% year-on-year to achieve an all-time high of 4,000 tonnes in the eleven months January-November 2024, the Agriculture Ministry’s Agroexport center has stated. The main importers of Russian honey during 2024 have been Slovakia at 26% of the overall supply, Serbia at 21%, and China at 16%. There are […]

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December 10, 2024

Russia Relaxes Visa Requirements For Another Eleven Countries: The Demographics 

Russia has announced an expansion of the list of countries whose nationals are eligible for its single-entry electronic visa (e-visa), including three African countries: Kenya, Eswatini, and Zimbabwe. The move is expected to improve travel between Russia and countries concerned, boosting tourism, business, and cultural exchanges. Russian Prime Minister Mikhail Mishustin signed an order on […]

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December 10, 2024

Russia-China Bilateral Trade Expected To Reach US$243 Billion For 2024

Bilateral trade between Russia and China has increased by 2.1% year-on-year to US$222.774 billion in the first eleven months of 2024, according to data released on Tuesday (December 10) by China’s customs. That implies a 2024 total of US$243 billion will be reached for the year, a record high and slightly more than last years […]

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December 10, 2024

Russia – Kenya 2024 Bilateral & Trade Relations: Update

Russian entrepreneurs are preparing to supply agricultural products and wines to Kenya, and plans are underway to establish a Russian trading house in Nairobi, according to Vladimir Vishnevsky, head of the commission for developing relations with Africa at ‘New Formation’, one of Russia’s largest business organizations. The comments were made following a recent meeting between […]

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