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.

Turkiye-Russian Flag
Featured October 22, 2024

Russia Wants To Set Up Transport and Logistics Hubs In Turkiye’s Azov and Black Sea Regions

Yevgeny Pakhomov, Russia’s deputy director of the international cooperation and foreign trade licensing department at the Ministry of Industry and Trade has said that Russia is interested in creating industrial “points of presence” in Turkey to develop exports and cooperation. He said “We don’t regard points as just manufacturing facilities themselves, but also the creation […]

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Featured October 21, 2024

Russia – UAE 2024 Bilateral Relations: Update

The Russian President, Vladimir Putin, is meeting with the President of the United Arab Emirates (UAE), Mohamed bin Zayed Al Nahyan in Moscow for official discussions ahead of the upcoming BRICS summit. The UAE joined the BRICS bloc in January. The Kremlin has said that the Presidents will talk about the current situation and prospects […]

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October 20, 2024

Russia Proposes Intra-BRICS Grain Trading Platform

Russia is suggesting to fellow BRICS countries that the organisation establishes a grain exchange system, a proposal that would give Moscow greater control over international prices for its agricultural exports. Frustrated by low global wheat prices, Russia, the world’s largest wheat exporter, has attempted to limit exports at low prices through international intermediaries. Moscow recommended […]

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Russian Sri Lanka Grain
October 20, 2024

EU Sanctioned Russian Fertilizer Held In Latvia For Two Years Finally En Route To Sri Lanka

One of the many criticisms of the manner in which Brussels has managed its sanctions policy against Russia has been the knock-on effect it has had on third party countries. This has actively damaged the European Union’s credibility in the eyes of numerous countries, many of them in the global south. An example is a […]

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BRICS Pay Card
October 19, 2024

BRICS Pay Launches, Will Be A Global Payments Game Changer 

The BRICS Pay system has been launched, with immediate implications for the future role of the US dollar, and the use of financial sanctions upon other countries. The system bypasses the US controlled SWIFT payments system, disregards the US dollar as a preferred currency and allows instant settlement in sovereign currencies instead.  It is likely […]

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GDP Growth
October 19, 2024

Putin – 2025 Economic Growth to be in Russia, China, India and Saudi Arabia

Russian President Vladimir Putin has forecast that the economies of Russia, China, India, and Saudi Arabia will show strong positive growth over the coming years, while it will also be advanced in Africa and Southeast Asia. Speaking at a BRICS media event, he stated “Growth, positive growth will be in such strong countries as China, […]

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SCO-USD
October 17, 2024

Calls For Shanghai Cooperation Organisation Independent Payments Mechanism: Implications For BRICS, SWIFT, US Dollar, Euro and British Pound

Readers will be familiar with discussions amongst the BRICS countries to establish a SWIFT alternative payments and settlements platform, however the concept is now spreading. Russia is calling for the removal of obstacles to the implementation of plans to increase the share of national currencies in mutual settlements between the Shanghai Cooperation Organization (SCO) countries […]

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October 17, 2024

Russia – Mongolia Bilateral Trade Up 21% In 8M 2024 As ‘Steppe Road’ Project Is Discussed

The Russian Prime Minister, Mikhail Mishustin has met with the Mongolian Prime Minister Luvsannamsrain Oyun-Erdene at the annual Prime Ministerial meeting of the Shanghai Cooperation Organisation (SCO) currently being held in Islamabad. Russia is a founding member of the SCO, while Mongolia is an Observer nation. Mishustin said that “The Russian side is giving a […]

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Serbia Russia
October 17, 2024

Serbia Abandons EU in Favour of BRICS: Other European Union Candidates Progress and the BRICS Alternative

The Kremlin spokesman Dmitry Peskov has stated that the BRICS is a more welcoming and member-oriented group than the European Union, commenting on the possibility that Serbia could seek to join the BRICS bloc. His comments came after Belgrade said that instead of EU membership, it would explore the option of joining BRICS, which is […]

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October 16, 2024

Russia-Turkiye 2024 Relations: BRICS, Black Sea and US$100 Billion Trade Discussions

Russia’s Deputy Foreign Ministers Sergei Vershinin and Alexander Grushko met with Turkish Deputy Foreign Minister Mehmet Kemal Bozay in Moscow, for consultations to discuss the implementation of strategic economic and energy projects along with regional agenda items. The Russian Foreign Ministry has said that “The two parties had a substantive exchange of opinions on key […]

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North Korea
October 16, 2024

Russia To Ratify ‘Strategic Partnership Agreement’ with North Korea: Implications

Russian President Vladimir Putin has formally requested that the Russian State Duma ratify the treaty on comprehensive strategic partnership with North Korea (DPRK) that he signed during his trip to Pyongyang in June. The Russian media reported on Monday that the ratification proposal had been registered in the legislature’s docket and is expected to be […]

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