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 Russian Finance Minister, Anton Siluanov, has outlined his vision for the proposed Shanghai Cooperation Organisation (SCO) Development Bank, the formation of which was discussed at the beginning of this month at the annual SCO Heads of State summit in China. The SCO includes full members Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India, Pakistan, Iran, and […]
The 8th joint annual ministerial meeting of Russia-Gulf Cooperation Council (GCC) Strategic Dialogue was held in Sochi on Thursday (September 11). The meeting was co-chaired by Russian Foreign Minister Sergey Lavrov and Abdullah Al Yahya, the Foreign Minister of Kuwait, who is currently chair of the GCC. Other participants included Abdullatif Al Zayani, the Foreign […]
Russia’s trade turnover with Uruguay, while admittedly small, grew by 70% year-on-year to US$123 million in H1 2025, according to the Russian plant and animal health watchdog Rosselkhoznadzor. This suggests a total 2025 Russia-Uruguay bilateral trade figure of US$246 million may be achievable. The comment was made after a meeting of the Russia-Uruguay joint commission […]
The Russian Transport Minister, Andrey Nikitin, has been visiting China, where he held bilateral meetings with transport officials from Kazakhstan and China. A main part of the discussions was about the potential for introducing digital and unmanned technologies in transportation between the three countries, the Russian Transport Ministry has said. The concept revolves around the […]
News that the French economy has reached a debt-to-GDP ratio of 113% and that this is expected to climb further to 125% by 2030 has alarmed economists, who are stating that these levels are unsustainable and could create serious future damage. GDP/debt ratio figures represent the percentage of debt that a country has as compared […]
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Update: September 11The European Union has rejected US President Donald Trump’s request to impose high tariffs on some goods from China and India, arguing that the bloc does not use tariffs as a sanctions tool. As we mention in this article, this decision will also carry implications for the EU as concerns its relations with […]
Russia’s state-owned nuclear operator, Rosatom, is preparing to raise funds on the Chinese bond market. Rosatom, which builds nuclear power plants in Russia and abroad, is discussing the possible timing of a sale of RMB Yuan “Panda Bonds” and advise on how much it might raise. We first raised the intelligence that the offering was […]
The Russian Deputy Prime Minister, Alexander Novak, has proposed to the new Syrian authorities that the Russia-Syrian Intergovernmental Commission on Trade and Economic Cooperation should now be reactivated. He was speaking as part of a Russian delegation with Syrian officials in Damascus. Novak stated that “We propose to resume the work of the intergovernmental commission […]
The BRICS nations convened an emergency virtual summit yesterday (September 8), hosted by Brazilian President Lula da Silva, to discuss the situation concerning the United States imposition of trade tariffs on multiple countries including BRICS members. The meeting lasted about 90 minutes. All ten full BRICS members were present, represented by Brazilian President Lula Da […]
The trade turnover between Russia and China, which grew by almost 2% last year to US$245 billion, can be expected to grow by another US$30 billion in the coming two years, according to Peter Zaselsky, the Chairman of Russia’s Roseximbank. He was speaking at the Far Eastern Economic Forum in Vladivostok. Russia-China trade turnover has […]
Plucky little Laos, in southeast Asia, has just become the latest country to ignore US import tariffs, by stating that it will redirect its US exports to other markets. Laos has been hit with a 40% import duty on its products. What is surprising about this move is that Laos is a relatively small country, […]
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