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.
The Russian President, Vladimir Putin and India Prime Minister Narendra Modi have agreed to boost their bilateral trade to US$100 billion by 2030. Putin has been meeting with Modi for bilateral talks in Moscow, during which they discussed a wide range of issues. The two sides agreed on a plan of strategic cooperation until 2030. […]
China’s RMB Yuan accounted for virtually the whole volume of exchange forex trading after the imposition of sanctions against the Moscow Exchange (MOEX), making up 99.6% of all transactions, the Central Bank of Russia has stated. Trading volume on the over-the-counter forex market reached ₽13 trillion (US$148 billion) in June. When sanctions were first imposed […]
Laziz Kudratov, Uzbekistan’s Investment, Industry and Trade Minister, has stated that Uzbekistan and Russia have every chance of increasing bilateral trade to US$30 billion by 2030, speaking at the Uzbek-Russia working group for increasing bilateral trade being held in Moscow. Kudratov pointed to the major expansion of the structure of goods and the increasing share […]
Indian Prime Minister Narendra Modi has been in Moscow holding talks with Russian President Vladimir Putin, in discussions likely to have far-reaching, positive consequences for Russia-India bilateral trade as well as the BRICS group. There are however, technical problems to solve. A major stumbling block is that India buys far more from Russia than vice […]
Indian Prime Minister Modi has agreed with Russian President Vladimir Putin that India may establish a further two new consulates in Russia. Currently, India possesses an Embassy in Moscow, and Consulates in St.Petersburg and Vladivostok. These will be joined by new diplomatic consulates to be opened in Kazan and Yekaterinburg. Kazan is a cultural and […]
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The UK held a General election this week with a new socialist Labour party government gaining power for the first time in 14 years. They were also voted into government with a significant majority meaning they will be able to follow their own policies when it comes to governing the UK. But where does this […]
Islamabad proposes trade barter system to overcome financial difficulties Russian President Vladimir Putin has met with Pakistani Prime Minister Shehbaz Sharif on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Kazakhstan’s Astana. Trade between Russia and Pakistan is growing, and Russia is willing to increase supplies of energy and agricultural produce to Islamabad, […]
Russia – Kazakhstan bilateral trade is growing steadily, and has already reached almost US$30 billion, Russian President Vladimir Putin said during meetings with Kazakh President Kassym-Jomart Tokayev at the Shanghai Cooperation Organisation Heads of State summit held in Astana. Russia remains one of the main trade and economic partners for Kazakhstan, Putin said, adding “We […]
The Pro-Russia BRICS bloc has soft power control over the Caspian and Red Sea supply chains Azerbaijan, which has been attending the annual Heads of State meetings of the Shanghai Cooperation Organisation (SCO) in Astana has expressed interest in joining the BRICS grouping. The BRICS includes Brazil, Russia, India, China and South Africa, while Egypt, […]
The Russian President Vladimir Putin has met with Turkish President Recep Erdogan in Astana on the sidelines of the Shanghai Cooperation Organisation annual Heads of State meetings, with both sides also engaging in trade development talks. Current bilateral trade is running at about US$55 billion, with Alexei Yerkov, the Russian Ambassador to Turkiye, also present […]
Putin, Xi, Modi and other regional leaders are all attending The annual Heads of State meetings of the member countries of the Shanghai Cooperation Organisation (SCO) has begun in Astana, Kazakhstan. The SCO has different categories of membership, with full members being China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia Tajikistan and Uzbekistan. Three countries — […]
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