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.
Based on current GDP growth trends, the Russian-backed Commonwealth of Independent States is likely to reach GDP economic parity with the European Union and may even overtake it, by 2050. The current GDP (PPP) of the European Union is €25.09 trillion, with a current average growth rate, according to the World Bank, of 1.2%. The […]
Japan has begun ‘reinterpreting’ its sanctions on purchases from Russia, with a variety of products being reassessed and permitted to be traded. The reasons range from waivers due to Japanese strategic requirements and its domestic needs, to re-evaluating sanctions terminology and a prior over-strict approach to which products were included. Japanese Government Imports Oil From […]
Russia’s Deputy Prime Minister Alexander Novak and Nigeria’s Finance Minister and Coordinating Minister for Economic Affairs Olawale Edun have discussed their respective cooperation in the global energy sector, including coordination within the Gas Exporting Countries Forum (GECF) and OPEC+. Russia is one of the largest participants in OPEC+ and the second-largest oil exporter after Saudi […]
The Russian Foreign Minister, Sergey Lavrov, has summarised his meetings with the Foreign Ministers of the Shanghai Cooperation Organisation (SCO) which has been held in Tianjin, China. These are important geopolitical discussions, with the SCO including full members Belarus, China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. Afghanistan and Mongolia are observers, while […]
The member countries of the Commonwealth of Independent States are illustrating good economic growth during 2025, according to forecasts taken from Eurasian Development Bank data. They are averaging GDP growth rates for the year at 4.7%. Details are as follows: Country 2025 GDP growth forecast Armenia 4.5% A return to normality following conflict with […]
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Russia’s Foreign Minister, Sergey Lavrov, met with Foreign Minister of the Islamic Republic of Iran Abbas Araghchi on July 15, (Tuesday) on the sidelines of the Shanghai Cooperation Organisation’s (SCO) Foreign Ministers Council Meeting in Tianjin, China. They continued their exchange of views on regional and international issues of mutual interest. They reiterated the imperative […]
The Russian Foreign Minister, Sergey Lavrov, met with the Indian Foreign Minister Subrahmanyam Jaishankar, on the sidelines of the Shanghai Cooperation Organisation Foreign Ministers’ meetings in Tianjin, China. The two foreign ministers engaged in a comprehensive discussion on pivotal bilateral and international issues, as well as the forthcoming schedule of diplomatic engagements. They reiterated their […]
The Russian Foreign Minister, Sergey Lavrov, is taking part in a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation (SCO) in Tianjin, China. Foreign Ministers of all the SCO members are present. These meetings are focused on preparations for the SCO Heads of State Council summit, also in Tianjin, which is […]
Russia and the Sultanate of Oman have agreed to waive visa regulations starting July 18, entitling tourists from both countries to visit for up to 30 days without visas, the Russian Foreign Ministry has stated, saying “Under the agreement, Russian citizens will be able to enter and stay in Oman without visas for up to […]
Russia, the world’s second-largest gold producer, is to free itself from the current dependence of gold prices on the London Stock Exchange (LSE), and plans to launch gold trading on the St. Petersburg Exchange (SPIMEX) by the end of the year. One of the main objectives of the exchange when launching a new market is […]
Over the past three years, Russia has increased fertilizer supplies to African countries by 50%, to 1.9 million tonnes by the end of 2024, according to Maxim Kuznetsov, the CEO of the Russian Association of Fertilizer Producers (RAPU). He said that “Over the past 3 years, we have increased supplies to African countries by 50%, […]
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