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 Russian President, Vladimir Putin, is currently planning a trip to Vietnam, with dates expected to be confirmed by the Kremlin shortly. The trip will likely occur in mid-late summer. Russia has a Free Trade Agreement with Vietnam via the Eurasian Economic Union (EAEU). Current bilateral trade is running at about US$3 billion. Bilateral trade […]
Vladivostok Port, in the Russian Far East, is attracting new international shipping partners, according to Nikolai Yermolayev, the Ports operating Managing Director. He was speaking at the Maritime Congress of the Russian Far East, and said that another four major international carriers are negotiating the organization of shipping lines through the port. Vladivostok Port currently […]
The Foreign Ministry of the Taliban movement (which is currently banned in Russia as a terrorist organization), which controls Afghanistan, has welcomed Russia’s declared intention to build bilateral relations. Abdul Qahar Balkhi, spokesperson for the Taliban Foreign Ministry, said that “The Ministry of Foreign Affairs of the Islamic Emirate of Afghanistan welcomes comments by the […]
India imported almost US$353 million worth of sunflower oil from Russia in the first quarter of 2024, 17% more than in the same period last year, the Agriculture Ministry’s Agroexport Center reported, citing data from Indian customs. Sunflower oil is a key consumer commodity in India and is used widely in preparing vegetarian food. Russia’s […]
October 25 Update: Thailand has now been granted ‘BRICS Partner’ status. See more here. Thailand will apply to become a member of the BRICS economic bloc, the Thai government in Bangkok announced on Tuesday (May 28). Government spokesman Chai Wacharonke said that the Thai cabinet has approved the text of the official letter expressing Thailand’s […]
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The wind energy division of Russia’s energy giant Rosatom, NovaWind, has begun construction of a 200 megawatt (MW) solar power plant in Mali, according to Bintu Kamara, Mali’s Energy and Water Resources Minister. The US$217 million project will increase electricity production in Mali by 10%. The facility, which will extend over 314 hectares of land […]
The Russian Ministry of Industry and Trade is preparing updates for what will be a national directive under the banner “International Cooperation and Export” where the main emphasis will be on the reorientation of non-resource, non-energy exports to countries in Africa, Southeast Asia, and Latin America. The updated national project will be operational until 2030 […]
Russia and Uzbekistan have agreed to triple their bilateral trade volumes with a goal of reaching US$30 billion by 2030. In addition, Russia’s Atomstroyexport JSC has signed a contract with the Uzbekistan Directorate for Nuclear Power Plant Construction to build a low-capacity nuclear power plant in Uzbekistan’s Jizzakh region. The decisions follow meetings in Tashkent […]
The Commonwealth of Independent States (CIS) held Ministerial-level meetings last week, followed by Russian President Vladimir Putin flying to Tashkent, Uzbekistan on Sunday (May 26) for talks with Uzbekistan’s President, Shavkat Mirziyoyev. The CIS includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. CIS members are set to enter a new agreement on free […]
Russian Prime Minister Mikhail Mishustin has stated that trade turnover in the Commonwealth of Independent States(CIS) gained two thirds over the past four years. This year Russia chairs the CIS, he noted, adding that Moscow considers completion of the plan of action to implement the first stage of the Commonwealth’s economic development strategy through the […]
Maxim Vasiliev, Russia’s Trade Representative with Mongolia has suggested that the Mongolian government has linked its future economic growth to the successful signing of a Free Trade Agreement with the Eurasian Economic Union (EAEU). He was speaking at the economic conference “Prospects for the development of trade, economic and investment cooperation between Mongolia and the […]
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