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 March 23, 2024

Russian Tourist Visits To Egypt Hit Record High In 2023

With the European Union fully suspending the visa-facilitation agreement between the European Union and Russia as part of sanctions in 2022, and European airlines no longer providing direct flights, alternative destinations for Russian nationals replacing European destinations are now in vogue. That trend can be seen in the tourist traffic from Russia to Egypt, which […]

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Featured March 22, 2024

Russia Targets 160 New Arctic Class Ships For Northern Sea Route By 2030

Rosatom, Russia’s nuclear powered icebreaker manufacturer, sees a need for 160 high-ice-class vessels to operate on the Northern Sea Route (NSR) by 2030 to export products from Arctic projects, according to a presentation by Vyacheslav Ruksha, Deputy General Director of Rosatom and Director of the NSR Directorate. Russia is the only country with a fleet […]

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March 22, 2024

Houthi Red Sea Attacks: “We Will Not Target Russian or Chinese Shipping”

The Yemen-based Houthi militants have told Russia and China that their ships can sail freely through the Red Sea and Gulf of Aden without fear of being attacked. An understanding was reached during talks in Oman involving Russian and Chinese diplomats and senior Houthi political figures. The Houthi rebels have carried out dozens of drone […]

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March 21, 2024

Russia Has Doubled Its Oil Exports to Africa in 18 Months

Moscow has increased exports of petroleum products to African countries in recent years, despite Western sanctions, Russian Foreign Minister Sergei Lavrov has said. He made the statement in an interview for a documentary project on oil that was published on the Foreign Ministry’s website on March 21. He said that “We have doubled the export […]

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March 21, 2024

Russia, EAEU Discuss Priority Trade Developments

Bakytzhan Sagintayev, the Chairman of the Board of the Eurasian Economic Commission (EEC) and President of Russia Vladimir Putin met during negotiations on March 19 in Moscow. The EEC is the regulatory body for the Eurasian Economic Union (EAEU) which includes Russia along with Armenia, Belarus, Kazakhstan, and Kyrgyzstan. It fits the geographic space between […]

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March 21, 2024

Russian Crude Oil Exports To Asia Increase  

Data from the International Energy Agency (IEA) reveals that the European Union’s embargo on the purchase, import and transfer of Russian crude oil at the end of 2022 has had almost no impact on the total volume of Russian oil exports. As the following chart shows, this is due to other countries filling in the […]

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March 21, 2024

Russian Import Duties Up 6.4% In 2023

The Federal Customs Service of Russia has stated that it transferred tax and duty collected revenues to the State budget of ₽6.623 trillion (US$72.1 billion) which was 6.4% higher than in 2022. This came despite Western markets ceasing direct exports to Russia and shutting down their borders with Russia.   Finance Minister Anton Siluanov said that […]

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March 20, 2024

Russia – Pakistan Agricultural Export Potential US$900 Million By 2030

The potential for Russian agribusiness exports to Pakistan by 2030 is estimated at 2.8 million tonnes worth up to US$900 million, according to Russia’s Agriculture Ministry. The most promising exports are grains such as wheat and barley, grain legumes, and millcake meal. Russia exported about 1.2 million tonnes of agricultural products worth US$423 million to […]

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March 20, 2024

Russian Railways Tendering To Upgrade Cuba’s Railway Infrastructure

Russian Railways (RTZ) are planning to tender for contracts to restore Cuba’s railway infrastructure, according to Sergei Pavlov, First Deputy Head of RTZ has stated at the TransRussia international exhibition being held in Moscow. Pavlov said “We plan to begin the process of reconstructing Cuba’s railway infrastructure. This year we will formulate and structure the […]

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March 20, 2024

Putin Expected To Visit Beijing In May

Russian President Vladimir Putin will travel to China in May for talks with Xi Jinping, in what would be the Kremlin chief’s first overseas trip of his new presidential term. Kremlin spokesman Dmitry Peskov stated that “Several presidential visits and several high-level contacts are being prepared at the moment. We will inform you as we […]

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March 19, 2024

Russia Sends First Grain Freight Train From Urals To India Via INSTC

The first export train of 30 wagons loaded with oats departed for India from Formachevo station in Chelyabinsk, in the Urals region of Russia, Acting Head of Chelyabinsk Customs Andrey Gursky, has said.  The train departed on March 18. The 830-tonne cargo was packed using the infrastructure of the Yuzhnouralsky transport and logistics complex. Since […]

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