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 Basel-based Bank of International Settlements (BIS) is poised to drop cooperation with the mBridge financial settlements system, in a move that would delay the introduction of any alternative financial settlements system to SWIFT. mBridge has been developed by the Central banks in China, Thailand, Hong Kong, and the UAE, and has recently and successfully […]
The Arkhangelsk Region wants to establish joint ventures with Chinese companies in Dalian (Port Arthur) to manufacture specialized container equipment, as well as service centres for their maintenance. Arkhangelsk and Dalian are linked by the Northern Sea Passage, a growth route for Russia-China trade. The scheme was discussed on October 24, 2024, during a meeting […]
Haval autos, (part of China’s Great Wall Motors) plans to expand the production facilities of its Tula based factory, with upgrades now ongoing. Starting in 2025, after the modernisation is completed, Haval will produce up to 200,000 cars per year from the Tula site, according to Andrey Akifyev, Executive Director of Haval Motor Rus. That […]
India has received its first shipment of Russian hardwood veneer, totaling 1,480 cubic meters of product. It was exported from Khabarovsk to Chennai on India’s east coast. Wood veneer is used in wooden construction and furniture as a decorative or harder protective layer over cheaper wood varieties. The Amur Forestry Company LLC, a division of […]
Russia exported around 2.7 million tonnes of wheat to Bangladesh in the 9M January-September this year, up 42% from the 1.9 million tonnes exported in the same period last year, according to the Russia’s Agroexport Centre. Bangladesh is the third largest importer of Russian wheat this year. Egypt is in first place, while Turkiye is […]
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Latin America was well represented at the 2024 BRICS Heads of State Summit, with Brazil sending a Ministerial-level delegation and Bolivia and Cuba being granted ‘BRICS Partner’ status. The 2025 annual BRICS summit will be held in Brazil where further LatAm developments can also be expected. We discuss these issues on a multilateral basis as […]
The African continent was well represented at the 2024 BRICS Heads of State Summit, with two major African economies in Algeria and Nigeria, as well as Uganda now going through a membership process. Other African nations were also present. We summarise what happened on a country-by-country basis involving Africa as follows: South Africa South Africa […]
The Middle East was a key component of the 2024 BRICS Heads of State Summit, with considerable diplomatic engagement concerning the on-going crisis. Just one day after the Iranian delegation returned from Russia, Israel attacked Tehran. The Palestinian President was also invited to the summit as was the UN Secretary-General. However, apart from the security […]
Asia was well represented at the 2024 BRICS Heads of State Summit, with both China and India, the two most populous countries in the world attending, together with four ASEAN big hitters in Indonesia, Malaysia, Thailand and Vietnam now going through a membership process. Other Asian economies were also present. We summarise what happened on […]
Vladimir Putin has met with, Pham Minh Chinh, the Prime Minister of Vietnam, following the 2024 BRICS Summit in Kazan. This is what they had to say: Putin: “Once again, allow me to warmly welcome you to Russia. I have warm memories from my recent visit to Vietnam and the conversation we had. It was […]
Vladimir Putin has met with Thongloun Sisoulith, the President of Laos, following the 2024 BRICS Summit in Kazan. This is what they had to say: Putin: “Once again, I warmly welcome you all and would like to thank you, above all, for your participation in the BRICS Summit. The group is a prototype of multipolarity, […]
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