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 July 21, 2024

More Countries Want To Join The Shanghai Cooperation Organisation As Full Members

Several countries want to upgrade their relations with the Shanghai Cooperation Organization (SCO), the group’s Secretary-General Zhang Ming has stated. The SCO is a multifunctional trade, security and geopolitical alliance formed in 2001 by China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan, primarily to deal with the repercussions of the United States and NATO invasion of […]

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Featured July 20, 2024

Russia’s Tax Revenues From ‘Unfriendly Countries’ Business Exceeds Forecasts

Other unexpected bonuses are increasing Russia’s taxable corporate income from foreign investors originating from unfriendly countries as a direct result of sanctions being placed upon the country. Political pressures are also being placed on foreign investors to exit. It is another example of political thinking in the West apparently being divided from the fiscal repercussions. […]

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July 20, 2024

Corporate Registrations In Russia’s Offshore SAR Increase 30% In 2024 YTD

Russian and foreign investors are starting to become more savvy over tax incentives on offer in Russia’s Special Administrative Regions (SAR), increasing their investments by almost a third since the beginning of this year. The two SAR that Russia currently has are sited in Kaliningrad, in Western Russia, and Russky Island, Vladivostok in the Primorye […]

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July 18, 2024

Russia To Develop A Pacific Ocean Port for Belarus Exports To China

Oleg Kozhemyako, the Governor of Russia’s Far Eastern Primorsky territory, has stated that a special port for use by Belarusian exporters will be developed on Russia’s eastern seaboard. The announcement was made after Kozhemyaako met with Alexander Lukashenko, the President of Belarus in Minsk earlier this month. Chinese developers are also interested in the construction […]

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July 18, 2024

Russia – Kyrgyzstan Eurasian Development Agenda Puts Priority On Regional Trade

Sergey Glazyev, the Eurasian Economic Union Minister for Integration and Macroeconomics, has been taking part in the 11th Russian-Kyrgyz Interregional Conference in Krasnoyarsk. The event is annually attended by heads of regions, entrepreneurs, representatives of business development and support institutions of the countries of the Eurasian Economic Union (EAEU). These include Armenia, Belarus, Kazakhstan, Kyrgyzstan […]

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July 17, 2024

Indian Exporters Want Greater Market Access in Russia

The Indian government is in discussions with Russia on easing non-tariff trade barriers, with the goal of boosting its exports to the country, Indian Commerce Secretary Sunil Barthwal has stated. The move comes after Russia-India trade has boomed in favour of Russian exports, but left Moscow with an over-abundance of Rupees in its capital account. […]

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July 17, 2024

Primorye Krai Targets US$11 Billion China Trade For 2024

The government authorities of Russia’s Primorye Krai region, which borders China and North Korea, aim to boost trade with China up to US$11 billion by the end of 2024. The statement comes as the region hosts a delegation for the facilitation of international trade from China’s northern Heilongjiang province, which shares a significant border with […]

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July 16, 2024

Russia Redefines Its Asia Strategy

Russia has redefined its Asia strategy. Here’s how it will work The most misguided way to develop Russian policy in Asia would be to focus it on interaction with regional institutions and platforms, ‘fraternal graveyards’ where individual expression is lost in the need for everyone to find a common denominator. This is all the more […]

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July 16, 2024

Cuba Attracts Record Numbers Of Russian Tourists With Arrivals Up 67%

Almost 113,000 Russian tourists visited Cuba in the first half of 2024, according to Cristina Leon Iznaga, a diplomat at the Cuban Embassy to Russia in Moscow. She said that Havana hopes that the figure will increase to 200,000 by the end of the year.  Iznaga said that “In January-June, Cuba was visited by 112,700 […]

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July 15, 2024

Russia’s Positive Trade Surplus Now Seventh Highest Globally

The World Bank has compiled a list of countries by the level of trade surplus by the end of 2023. In total, US$23.3 trillion worth of goods were exported worldwide, and US$22.9 trillion worth of goods were imported. The total surplus amounted to US$365 billion. In terms of the countries with the highest positive trade […]

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