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.
A potential consequence of tariff wars triggered by the new U.S. administration’s decisions for Russian businesses could be the weakening of the Chinese RMB Yuan, and consequently increased competitiveness of Chinese manufacturers in foreign markets, including Russia, Kirill Tremasov, an advisor to the Central Bank of Russia’s governor has stated. Tremasov said that “One possible […]
Algerian infrastructure can become a hub for Russia, providing it with access to African markets, according to Ahmed Azimov, chairman of the Russian-Algerian Business Council. Azimov stated that mechanisms have already been outlined that will help companies from Russia to explore new areas faster and more safely. Azimov was commenting after a Russian business mission […]
Russian Foreign Minister Sergey Lavrov has met with the Ethiopian Foreign Minister, Gedion Timotheos on the sidelines of the BRICS Foreign Ministers Council meeting in Rio de Janeiro. The ministers reaffirmed their mutual commitment to further expanding multifaceted bilateral cooperation in areas of shared interest. They also expressed support for deepening Russian-Ethiopian engagement within various […]
The 2025, Brazil-chaired meeting of BRICS Foreign Ministers has been taking place in Rio de Janeiro, with Russian Foreign Minister Sergey Lavrov attending. The ministers have been holding an in-depth exchange of views on a broad range of current international issues and collaboration. They also discussed further BRICS cooperation and preparations for the 17th […]
The Russian Foreign Minister, Sergey Lavrov has been discussing the enhancement of bilateral trade and economic relations, and the coordination of the BRICS framework, with his Thai counterpart, Maris Sangiampongsa. The Ministers met at the BRICS Foreign Ministers’ meeting in Rio de Janeiro. The Russian Foreign Ministry said that the two sides “aligned their positions […]
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Russia’s special presidential envoy for the Middle East and Africa, Mikhail Bogdanov, and Somali officials have agreed to expand cooperation between the two countries in security, politics, trade, and economic areas, the Russian Foreign Ministry has announced. According to the Ministry, Bogdanov held talks with Somali Foreign Minister Ahmed Moallim Fiki while on an official […]
Russia and Iran are create an association to unite ports and shipping companies of the two countries according to the Russian Ministry of Transport, who announced the plans following talks between Dmitry Zverev, State Secretary and Deputy Minister of Transport of Russia, and Saeed Rasouli, Deputy Minister of Roads and Urban Development of Iran. The […]
Russia and China have conducted navigation studies for the development of shipping lanes on the border sections of the Amur, Ussuri, Argun, Sungacha and Lake Khanka rivers, according to the Amur basin of inland Waterways (FBU Administration Amurvodput). The recent 66th meeting of the Joint Russian-Chinese Commission for Navigation on Border Rivers agreed on planned […]
The countries of the Global South, which include 133 countries in Asia, Africa, Latin America and the Middle East, will trade more actively with China in the next decade, the Boston Consulting Group (BCG) has stated in their latest report. They note that trade turnover between China and the Global South will grow by 5.9% […]
Roman Starovoit, Russia’s Minister of Transport, has met jointly with President Vladimir Putin and Sultan of Oman Haysam Bin Tarek Al Said, with an MoU in transport and transit signed between the transport authorities of the two countries. The document realizes the transit potential of the North-South international transport corridor, increases the efficiency of transport […]
The bilateral trade turnover of agricultural products between Russia and Sri Lanka grew 2.4-fold to reach US$343.7 million in 2024, Russia’s Agroexport federal centre has said. While relatively small, the results show an improvement in the Sri Lanka economy, with the country defaulting on its foreign debts in 2023. Russia has provided some aid assistance. […]
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