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.
Moscow based Rusal has signed an agreement with India’s Pioneer and KCap to purchase the Pioneer Aluminium Industries Limited alumina refinery, with capacity to produce 1.5 million tonnes per year, the Russian company said. Rusal are the world’s second largest aluminium manufacturer, accounting for almost 9% of the world’s primary aluminium output and 9% of […]
Alexander Tsybulsky, Governor of the Arkhangelsk Region, has stated that Chinese companies are interested in participating in the creation of a deep-water area of Arkhangelsk seaport. He was discussing the issue during a working meeting with Russian President Vladimir Putin. Tsybulsky said “We have done a lot of work with our main partner, Rosatom State […]
Moscow and Washington are currently in talks over the possibility of future cooperation with Gazprom on international projects, including in the Arctic region, according to Bloomberg, citing Russian and European officials. The news comes as the United States seeks to normalize relations with Russia and gain access to the economically important region. The Arctic has […]
China, Russia and Iran have agreed to boost coordination within the BRICS and the Shanghai Cooperation Organization (SCO), the three countries’ diplomats said in a statement following a meeting in Beijing to discuss Iran’s nuclear issues. China’s Deputy Foreign Minister Ma Zhaoxu stated that “The parties agreed to support and strengthen coordination on multilateral platforms […]
Russia’s FESCO transport company is launching intermodal container transport to landlocked Laos in southeast Asia, via the Vietnamese port of Da Nang as part of its efforts to expand logistics operations into the region. The transit time for deliveries between Russia and Laos via Vladivostok and Da Nang is about 35 days. Loading and dispatch […]
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Natalia Krasovskaya, the executive director of the Russian Centre for Public Diplomacy, has announced that Moscow is preparing to open a Russia House cultural and education centre in Accra, Ghana’s capital city. Ghana is the first English-speaking African country to join the Russian House partnership list. On Monday, 10 March, Krasovskaya said that an […]
The Russian President Vladimir Putin held discussions with the Saudi Crown Prince Mohamed bin Salman Al Saud on Thursday (March 13) following the US bilateral talks with Ukraine which the Prince hosted. In addition to no doubt discussing the content of the talks, the two also discussed collaboration within the OPEC+ platform, which regulates oil […]
The Russian Foreign Minister, Sergey Lavrov, has stated that “Eurasia needs a continent-wide structure akin to the African Union or the Community of Latin American and Caribbean States (CELAC)” in interviews this week. Bearing in mind that Western Europe already has the European Union and the Organisation for Security & Defence in Europe (OSCD), his […]
Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office […]
Russia and Indonesia grew their trade turnover of agricultural products to nearly US$1.5 billion in 2024, up 41.4% compared to the previous year, according to Russia’s Agroexport centre. This included approximately 1.4 million tonnes of agricultural goods. The main commodity items in the value structure of Indonesian imports from Russia in 2024 were wheat (92.3%), […]
Hong Kong’s Exchanges and Clearing house, which runs the Hong Kong stock market, said last week that it was working with the Hong Kong monetary authority to develop an Asian international settlement house intended to rival Belgium’s Euroclear and Luxembourg’s Clearstream. The move comes as a bid to lessen dependence on western financial infrastructure, and […]
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