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.
Russia’s alcohol consumption behaviour has been changing in recent years due both to geostrategic changes in global markets and because of Russia’s internal policies. The latter has included a tightening of fiscal policy in the alcohol industry in early 2025, introducing higher excise taxes, higher minimum retail prices, and higher import duties. This has led to a […]
South Korea’s SsangYong autos, now rebranded as KGM, has returned to the Russian market for the first time since 2017. The brand, and especially its Rexton series of SUVs, was at the time a prestigious and well-loved marque in the Russian market. SsangYong had a strong position in Russia in previous years, but sales were […]
The Russian Republic of Kalmykia is set to host the 3rd International Buddhist Forum, a major international event celebrating spiritual dialogue and cultural unity. It will take place in Kalmykia’s capital city, Elista, from September 25 to 28. Kalmykia is the only Buddhist republic in Europe, located in the Eastern Caucasus. Most Kalmyks practice Tibetan Buddhism. The ancestors […]
Russia and Myanmar are ready to sign an intergovernmental visa-free travel agreement in September, the Russian Economic Development Ministry has said. The subject was discussed at a meeting of Russian Economic Development Minister Maxim Reshetnikov and Kyaw Soe Win, Myanmar’s Minister of Hotels and Tourism at the Travel International Tourism Forum in Moscow. Reshetnikov said […]
The Russian Economic Development Minister, Maxim Reshetnikov, and Serbian Tourism and Youth Minister, Husein Memic, have coordinated a roadmap for developing bilateral cooperation in tourism. Serbia remains one of the key and fastest-growing destinations for Russian tourists with connecting flights from Belgrade to most European capital cities as well as Russia. It has become a key hub […]
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The Russian Ministry of Economic Development, together with the Russian Foreign Ministry, is working on introducing the possibility of multiple uses of an electronic visa to Russia, according to Maxim Reshetnikov, the Minister of Economic Development. He was speaking at the international tourism forum “Travel!” on Tuesday (June 10). Reshetnikov said that “Currently, nationals from […]
A top executive at Russia’s largest bank has said he sees a growing role for the Indian rupee in the country. Aleksandr Vedyakhin, the first deputy chairman of the board of Sber, has stated that the Indian currency is popular with the bank’s individual and business clients. He said, “In Russia, Sber allows you to make transactions in rupees, […]
Russia is open for constructive cooperation and broader business contacts with Japan, according to Nikolay Nozdrev, the Russian Ambassador in Tokyo, who stated, “We are open to constructive and mutually respectful cooperation with Japan, our neighbour with whom we are linked not just by economic potential, but also by the people’s mutual interest in closer ties.” He said […]
Update: 11th June 2025The Russian President, Vladimir Putin has extended a ban on Russian oil companies selling their products at the price cap issued by the EU yesterday. It prohibits the sale of Russian oil and petroleum products to foreign legal entities and individuals if contracts stipulate the terms and conditions of the price cap set […]
As part of the recently concluded 16th International Economic Forum “Russia – Islamic World: KazanForum 2025,” a panel discussion was held on the “International North-South Transport Corridor” (INSTC). Deputy Prime Minister Vitaly Savelyev, the Special Representative of the President for the Development of the INSTC, took part in the discussions. The session also involved Russian Deputy Prime […]
Iran’s Minister of Roads and Urban Development Farzaneh Sadeghi and Russia’s Minister of Transport Roman Starovoit signed an agreement on the development of transport and transit cooperation for 2025. The core element of the agreement, signed in Tehran on February 18, is the completion of the long-delayed Rasht-Astara railway in Iran with Russia’s assistance, according to Iran’s […]
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