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.
Russia’s trade with China has been hampered by the impact of financial sanctions upon Russia, including not just its banks but also its SPFS payment system, which operates as an alternative to SWIFT. The United States and EU have threatened additional sanctions on any bank that conducts financial trade with Russia or connects to its […]
Russia, Kazakhstan and China are to conclude an Agreement for the creation of a Unified Digital Platform (ECP) for container transportation in order to optimize freight transport on the route connecting the three countries. The document is scheduled to be signed at the next meeting of the Kazakh-Chinese Business Council at the beginning of next […]
The BRICS group of counties – Brazil, Russia, India, China and South Africa, together with new entrants Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates, have agreed to temporarily suspend the accepting of new members. The reason given is to allow time to integrate the latest members who joined from January 1st this […]
Russia’s exchange rate-linked export duty will decrease to 4.5% from July 1 from 5.5%, the Economic Development Ministry has stated. The decrease will impact a wide range of goods including ferrous, nonferrous and precious metals, coal (the export duty on coal was temporarily lifted from May 1 to August 31) and fertilizers. Russia approved a […]
Why the Atlantic Council’s Joe Webster is wrong about Kyrgyzstan and Europe The small, landlocked Central Asian country of Kyrgyzstan has been called out by Joe Webster, a senior fellow of the Atlantic Council, in an article he wrote this week (June 25, 2024) ‘We Need To Talk About Kyrgyzstan’. In this, he essentially called […]
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The newly re-elected Indian Prime Minister Narendra Modi is to visit Russia on July 8th, according to Indian news media. It will be his first trip to Russia for nearly five years and comes as Indian trade with Russia is hitting new highs, while BRICS collaboration is intensifying. Modi’s visit comes a little over three […]
The former Mercedes-Benz plant in Yesipov near Moscow will begin mass production of China’s Exeed cars, the premium brand of Chinese automaker Chery under a contract assembly agreement starting in July. Mercedes-Benz exited the Russian market in April 2023, selling their shares in the Yesipov factory to the Russian local car dealer Avtodom. Interestingly, Mercedes-Benz […]
Russia and North Korea have signed an agreement to build a cross-border road bridge. Currently, the only bridge between the countries, which crosses the Tumen River, is the Friendship Railway Bridge, which was opened in 1959. The new road bridge will expand transport connections between Russia and North Korea. The proposal has been on the […]
Russia’s Kommersant newspaper has interviewed Vitaly Mankevich, the Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RASPP) nd discussed the relationships between Russian businesses in China and India. We feature the interview below: What is the current situation with receiving payment from Russian legal entities in Chinese banks? “Briefly describing the situation is quite […]
The economic relations between Russia and other EAEU countries with Azerbaijan, are increasingly active and are forming a common and mutually beneficial economic space, despite the fact that Azerbaijan is not part of the Eurasian Economic Union (EAEU) trade bloc. An accelerating growth in trade turnover between Azerbaijan and the EAEU, coupled with over 50 […]
The Russian Federal Agency for Fisheries is to organize an exploratory expedition in 2024-2025 to assess water bio-resources in the exclusive economic zones of African countries using ships of the Federal Research Institute of Fisheries and Oceanography. The purpose will be to examine water quality and marine stocks, and will include visits to several African […]
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