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 BRICS Pay system has been launched, with immediate implications for the future role of the US dollar, and the use of financial sanctions upon other countries. The system bypasses the US controlled SWIFT payments system, disregards the US dollar as a preferred currency and allows instant settlement in sovereign currencies instead. It is likely […]
Russian President Vladimir Putin has forecast that the economies of Russia, China, India, and Saudi Arabia will show strong positive growth over the coming years, while it will also be advanced in Africa and Southeast Asia. Speaking at a BRICS media event, he stated “Growth, positive growth will be in such strong countries as China, […]
Readers will be familiar with discussions amongst the BRICS countries to establish a SWIFT alternative payments and settlements platform, however the concept is now spreading. Russia is calling for the removal of obstacles to the implementation of plans to increase the share of national currencies in mutual settlements between the Shanghai Cooperation Organization (SCO) countries […]
The Russian Prime Minister, Mikhail Mishustin has met with the Mongolian Prime Minister Luvsannamsrain Oyun-Erdene at the annual Prime Ministerial meeting of the Shanghai Cooperation Organisation (SCO) currently being held in Islamabad. Russia is a founding member of the SCO, while Mongolia is an Observer nation. Mishustin said that “The Russian side is giving a […]
The Kremlin spokesman Dmitry Peskov has stated that the BRICS is a more welcoming and member-oriented group than the European Union, commenting on the possibility that Serbia could seek to join the BRICS bloc. His comments came after Belgrade said that instead of EU membership, it would explore the option of joining BRICS, which is […]
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Russia’s Deputy Foreign Ministers Sergei Vershinin and Alexander Grushko met with Turkish Deputy Foreign Minister Mehmet Kemal Bozay in Moscow, for consultations to discuss the implementation of strategic economic and energy projects along with regional agenda items. The Russian Foreign Ministry has said that “The two parties had a substantive exchange of opinions on key […]
Russian President Vladimir Putin has formally requested that the Russian State Duma ratify the treaty on comprehensive strategic partnership with North Korea (DPRK) that he signed during his trip to Pyongyang in June. The Russian media reported on Monday that the ratification proposal had been registered in the legislature’s docket and is expected to be […]
The Meeting of Council of Prime Ministers of SCO Member States has begun in Pakistan, with Russia represented by Prime Minister Mikhail Mishustin. The SCO includes full members Belarus, China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. Dialogue partners include Afghanistan and Mongolia, while Armenia, Azerbaijan, Bahrain, Cambodia, Egypt, Kuwait, Maldives, Myanmar, Nepal, […]
Kudzai Dominic Chiwenga, an associate professor at the University of Zimbabwe, has spoken about currency strategies and compared the World Banks ‘International Monetary Fund’ (IMF) with the BRICS New Development Bank (NDB). The NDB, he has said, provides more flexible and supportive terms than the IMF. Chiwenga, who is also the Chairman of the Zimbabwe-Russia […]
The Russian Defence Minister, Andrei Belousov, has met with Dong Jun, his Chinese counterpart, in Beijing on Monday (October 14). The meeting comes two days after the culmination of the East Asia Summit which China, Russia, and the United States all participated in together with numerous Asian countries. Russia has expressed immediate alarm about American […]
Russia has been participating in the annual East Asia Summit in Vientiane, Laos, with Russian Foreign Minister Sergey Lavrov representing the Russian Federation. Other attendees included all the ASEAN nations (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) together with Australia, Japan, South Korea, the European Union and the United States. The […]
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