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 June 23, 2024

Interview With The Russian Union of Industrialists and Entrepreneurs on Cooperation Between Russian Businesses in China and India

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 […]

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June 21, 2024

Russian Fisheries Agency To Assess African Oceanic Resources

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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June 20, 2024

Russia To Add More Far East Rail Freight Containers 

The Eurasian Union of Rail Freight Traffic Participants (ESP), which includes Russia’s largest container operators, has stated a need to bring back additional container train runs from central Russia to the Russian Far East. The Russian shift from markets in Europe to markets in Asia has created logistics bottlenecks.   Due to the lack of railway […]

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June 19, 2024

Russia’s Alfa Bank To Establish Offices In Beijing and Shanghai

Alfa Bank, Russia’s largest private lender, has applied to the Chinese authorities to open offices in Beijing and Shanghai. The bank is aiming to become the first private Russian bank to open fully-fledged branches in China, and comes after it recently expanded its client support services for Chinese businesses. Alfa Bank said it is already […]

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June 18, 2024

Russia-Vietnam 2024 Trade and Development

Russian President Vladimir Putin is travelling to Vietnam on June 19-20 to meet Vietnam’s General Secretary Nguyen Phu Trong, President To Lam, Prime Minister Pham Minh Chinh, and National Assembly Chairman Tran Thanh Man. The parties plan to discuss the current state of and prospects for the continued development of a comprehensive strategic partnership between […]

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June 18, 2024

Malaysia To Apply To Join BRICS

October 25 Update: Malaysia has now been granted ‘BRICS Partner’ status. See more here. Malaysia has decided to apply for BRICS membership and will start filing the official paperwork soon, Malaysian Prime Minister Anwar Ibrahim has said. Existing BRICS member South Africa has agreed to accept a request. Anwar said “We have made our policy […]

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June 17, 2024

Intra-Eurasian Economic Union Trade Up 7% In Q1 2024

The mutual trade volume within the Eurasian Economic Union (EAEU) in the first quarter of 2024 increased by ₽2 trillion (US$22.5 billion), according to Dmitry Volvach, a Deputy Minister of the Russian Ministry of Economic Development of Russia. He was speaking at the ‘Export to the EAEU countries’ conference of interregional cooperation in Novosibirsk last […]

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June 17, 2024

Russia Outlines “BRICS Bridge” Digital Settlement Plans

Russia has proposed to BRICS countries and partnership members a mechanism for cross-border payments based on the BRICS Bridge settlement platform, according to Anton Siluanov, Russia’s Finance Minister. He explained that the mechanism would see BRICS members central banks issue digital financial assets (DFAs), which would in turn peg their value to the national currencies […]

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June 16, 2024

Stablising Afghanistan: Russia’s New Opportunity

Stabilising the situation in the Islamic Emirate of Afghanistan, requires fundamentally new approaches to relations with this country. It is necessary to ease the military-political tension along such an extensive border, which is also crucial for Russia’s positions in the region, according to AsiaIs, a website devoted to Russia-Asia political analysis. Afghanistan shares the longest […]

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