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 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 […]
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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The Sukhoi Port Blagoveshchensk logistics railway terminal will start operating in the fall of 2025, the Government of the Amur Region has reported. Blagoveshchensk is strategically important, as it lies on the Russian border with China on the Amur River. A railway bridge was completed in 2022, which connects to Heihe in China, and from […]
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 […]
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 […]
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 […]
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 […]
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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