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.
Russian Deputy Prime Minister Marat Khusnullin has stated that Russia’s trade turnover with the member countries of the Organization of Islamic Cooperation (OIC) in 2023 increased by 30% in 2023. He was speaking at the 2024 KazanForum “Russia & the Islamic World.” “Thanks to this event, we have become even closer with our colleagues – […]
The Russian President, Vladimir Putin, visited Beijing and Harbin, China last week to meet Chinese President Xi Jinping and discuss multiple issues concerning trade and mutual development. In Harbin, Putin attended the China-Russia Expo. In this article, we summarise the meetings, and discuss the numerous announced deals and developments. Overall Impact The overall impact […]
While China has been making all the technology running with its Electric Vehicles (EV) industry, the United States and European auto manufacturers have been left behind – mainly due to the US oil industry which has been slow to popularise non-oil fuel products. That tech gap has led the United States to place a 100% […]
Preparations for Russian President Vladimir Putin’s visit to North Korea are ongoing, according to Kremlin Spokesman Dmitry Peskov. North Korea’s leader Kim Jong Un invited Putin to visit his country when he travelled to Russia in September. It was reported earlier that the countries would work to set a time for Putin’s trip. Any trip […]
Moscow and New Delhi plan to start negotiations in June on potential visa-free travel for tourist groups, with a view to striking a bilateral deal by the end of the year, Nikita Kondratyev, director multilateral cooperation at the Russian Ministry of Economic Development, has said. ”The process regarding group visa-free travel has progressed. The Indian […]
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India’s Foreign Minister Subrahmanyam Jaishankar has stated that New Delhi’s decision to purchase energy supplies from Moscow are pivotal to India and its rise as the world’s fastest-growing large economy. Speaking at an event in Mumbai, India’s financial capital, Jaishankar emphasized that the nation’s purchases of Russian crude since the beginning of the Ukraine conflict […]
Rustam Habibullin, the head of the Russian Business Center in Afghanistan, has said that the trade turnover between Russia and Afghanistan after the withdrawal of US and NATO forces has increased significantly and reached US$1 billion. He stated that the main areas of trade are gas, oil products, flour and wheat, and more recently, dairy […]
The Russian Association of Tour Operators (ATOR) has said that foreign tourist arrivals in Russia tripled year-on-year in the first quarter of 2024, and half of those tourists came from China, citing statistics from the Border Service of the Federal Security Service (FSB). ATOR stated that “Almost 218,800 foreign citizens who declared tourism as the […]
The Russian National Reinsurance Company (RNPK) has increased its marine risk reinsurance, including cargo, and liability of shipowners by an immediate 20 – 30%. According to experts, this is due to the growth of the shadow fleet and the cost of shipping. For insurers, an increase in limits can mean not only an increase in […]
Andrey Belousov, a former Deputy Prime Minister, has been appointed as Russia’s new Minister of Defense. Belousov is a longstanding member of the Russian political elite who has held important government positions for the past 20 years. He is the first civilian to hold the post, and has spent most of his career working as […]
Russian President Vladimir Putin has confirmed his trip to Beijing to hold meetings with Chinese President Xi Jinping, himself just back from a trip to France, Serbia, and Hungary – the latter two Russia-friendly European nations. Putin meanwhile this week has restructured his government and moved around senior officials and just held meetings with Eurasian […]
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