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 Polish Foreign Minister Radoslaw Sikorski has announced the decision to close the last remaining Russian Consulate-General in Poland, located in Gdansk. That follows decisions made in October 2024 and May 2025, when Poland closed the Russian consulates in Poznan and Krakow. Polish trade with Russia has been growing. In 2021, bilateral trade had risen […]
Russia is the current chair of the Shanghai Cooperation Organisation and has been hosting the Council of Heads of Government in Moscow. The Russian Prime Minister, Mikhail Mishustin, chaired the event, while the Russian President, Vladimir Putin, also addressed the attendees. These included China, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India, Pakistan, Iran, and Belarus. This is […]
Moscow has been hosting the Shanghai Cooperation Organisation (SCO) Heads of Government Summit, with the Russian President, Vladimir Putin, noting that Russia’s trade with SCO members has reached US$409 billion. He stated, “Russia’s trade turnover with SCO countries reached $409 billion in 2024 and continues to grow. Of course, the lion’s share of this is […]
The Russian President, Vladimir Putin, has held discussions with Chinese Premier Li Qiang, who is visiting Moscow to take part in the annual Heads of Government meetings of the Shanghai Cooperation Organisation. Russia is the current chair. Putin’s comments are prefixed with VP, Li Qiang’s with LQ, and our comments as RPA. This is what […]
The Mongolian Prime Minister Gombojavyn Zandanshatar, who is visiting Moscow to participate in the Annual SCO Heads of Government summit, has stated that opening a Russian bank branch in Mongolia would help facilitate bilateral settlements. He was speaking with Russian President Vladimir Putin. Such a move would pave the way for an as-yet-unnamed Russian bank […]
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The Russian Foreign Minister, Sergey Lavrov, has met with Subrahmanyam Jaishankar, the Indian Foreign Minister, in Moscow. Jaishankar is in Russia to attend the Shanghai Cooperation Organisation meeting of Heads of Government. The two ministers discussed various aspects of Russia-India relations and issues on the global agenda, with special attention paid to practical steps towards […]
Russia’s portfolio of arms export contracts with countries in the Middle East and North Africa amounts to tens of billions of dollars, according to Dmitry Shugaev, the head of Russia’s Federal Service for Military-Technical Cooperation. Speaking at the Dubai Airshow, 2025, He said that “The Middle East, North Africa, and the Near East have traditionally […]
Russia’s Maritime Board Chairman, Nikolai Patrushev, has suggested that India consider establishing shipbuilding and ship repair clusters in Mumbai or Chennai involving Russia, stating that “it is advisable to consider creating shipbuilding and ship repair clusters with Russia’s participation in important economic areas such as Mumbai or Chennai.” He was speaking at the Russian-Indian interdepartmental […]
Russia’s Deputy Prime Minister, Marat Khusnullin, has been attending the Russia-Oman business forum held in Muscat and has provided updates on Oman becoming an additional destination on the southern part of the International North-South Transport Corridor (INSTC). He stated that “We have a very interesting project with Oman in port infrastructure development. The connection between […]
The United States Treasury ‘Office of Foreign Assets Control’ (OFAC) has issued a license permitting transactions involving Russia’s Lukoil and Rosneft related to the operation of the Caspian Pipeline Consortium (CPC) and the Tengiz and Karachaganak fields in Kazakhstan. The license foes not require any “transactions for the sale, disposition, or transfer of any interest” […]
The Eurasian Railway Gateway terminal, connecting the Belarusian Great Stone Industrial Park in Minsk to China’s Belt & Road Initiative, is being prepared and should begin initial operations in mid-2026, according to Belarus Segodnya, the official media. The newspaper said, “The Eurasian Railway Gateway bi-modal container terminal is a key logistics project of the Great […]
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