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 Transport Ministers of the member countries of the Shanghai Cooperation Organisation (SCO) have signed an MoU concerning the development of road and roadside services along the ‘Silk Road’ – the vehicle and highway network between member countries. The Russian side was represented by Dmitry Zverev, the Deputy Minister of Transport. They discussed the joint […]
The BRICS group is to announce a new BRICS Multilateral Guarantee Fund, backed by its New Development Bank (NDB) to lower project financing costs and boost investment. The initiative, apparently modeled on the World Bank’s Multilateral Investment Guarantee Agency (MIGA), aims to address global investment shifts amid uncertainty surrounding U.S. economic policy, according to sources via Reuters. Brazilian officials […]
The Russian Foreign Minister, Sergey Lavrovm has held talks with Faisal bin Farhan Al Saud, the Foreign Minister of the Kingdom of Saudi Arabia, yesterday (July 4). Al Saud is in Moscow on a working visit. The ministers called for maintaining a regular Russian-Saudi dialogue and intensifying delegation exchanges. They stressed the need for promoting […]
Moscow has officially recognized the Taliban in Afghanistan, becoming the first major power to establish formal diplomatic ties with the Islamic government. The Russian Supreme Court had previously removed the Taliban from its list of terrorist organizations in April this year, effectively legalizing its activities for the first time since the designation in 2003. The […]
Russia’s Federal Air Transport Agency has issued a permit to Saudi Arabia’s Flynas airline to perform regular flights between Riyadh and Moscow’s Vnukovo airport. The airline can perform four flights per week, from August 1 to the end of the current spring-summer navigation (October 25), using Airbus A320/330 aircraft. At present, there are no direct […]
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The BRICS countries are demonstrating a growing interest in Russian energy resources, including oil, liquefied natural gas, and coal, with demand for oil exceeding available volumes, most of which have already been contracted, according to Roman Marshavin, Russia’s Deputy Energy Minister. He stated that “BRICS partners are already openly declaring their interest in Russian energy […]
Mexican Foreign Minister Juan Ramon de la Fuente will take part in the BRICS Summit in Brazil as an observer, Mexican President Claudia Sheinbaum said on Wednesday (July 2). “I was not going to take part [in the summit] and I cannot travel so often, there is a lot of work in the country. The […]
Beijing has increased purchases of Russian metals, according to Chinese customs data. Chinese imports of Russian aluminium jumped nearly 56% year-on-year to almost one million tons between January and May, while copper purchases surged 66% and nickel imports more than doubled, according to the Chinese statistics. While Russia’s largest aluminium producers Rusal and Norilsk Nickel […]
Two Chinese airlines have introduced new direct routes to Vladivostok in the Russian Far East. They are a regional flight between Harbin, the Provincial capital of China’s northern Heilongjiang Province, which borders Russia, and flights from Shenyang, the Provincial capital of China’s eastern Liaoning Province. These flights will be operated by China Southern (Harbin) and […]
Russia has significant potential to increase agricultural exports to Saudi Arabia, with the total export potential of Russian agricultural products to the country estimated at US$1.4 billion by 2030, according to Ilya Ilyushin, Head of the Agroexport Federal Center. He was speaking at the Russian-Saudi GRAS Agro-Industrial Forum in Moscow on June 30. The GRAS Forum is the first-of-its-kind platform […]
Sberbank Insurance has obtained accreditation in India, according to its CEO Mikhail Volkov. He said that “As a universal insurance company, Sberbank Insurance seeks business development opportunities wherever possible. There are needs that stakeholders expect us to fulfill, such as products required for international trade operations. This isn’t a quick process. It involves complex, specialized […]
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