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.
India’s Minister of Defence, Rajnath Singh has described Russia as a “longtime and reliable partner” in the security and defence sector. Speaking on the sidelines of the Aero India show that is currently underway in Bangalore, Singh highlighted the strong ties between the two countries, noting that Indian state-owned defence companies are now producing Russian […]
According to the Egypt Upstream Gateway, which operates on behalf of the Egyptian Petroleum and Mineral Resources Ministry, Russia’s Lukoil is interested in acquiring Egypt’s South Wadi El-Sahl block. A memorandum of understanding for the project is expected to be signed during the Egypt Energy Show (EGYPES), which takes place in Cairo on February 17-19. […]
Advancing practical cooperation with Asian states is among Russia’s key tasks, Russian Deputy Foreign Minister Andrei Rudenko has said, to mark ‘Diplomat’s Day’ yesterday (February 10). “Advancing practical cooperation with Asian states is listed among key tasks. Despite the unprecedented pressure of the collective West on our partners and the illegitimate anti-Russian sanctions, trade and […]
Russia suspended its double tax treaties with numerous ‘unfriendly’ countries in 2022, a decision that created some shock waves at the time as these agreements prevented the taxing of income in both Russian and mainly Western-aligned countries. As was shrewdly observed at the time “Why should Russia treat unfriendly foreign nations to tax reductions when […]
Trade with the economies of Southeast Asia and Latin America already accounts for more than 70% of Russia’s export-import transactions, and the share of settlements in national currencies under foreign contracts with them is about 90%, according to Alexander Pankin, the Russian Deputy Foreign Minister. He emphasized that Moscow will continue to deepen cooperation with […]
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Chinese President Xi Jinping has accepted an invitation to attend the celebration in Moscow of the 80th anniversary of Victory in the Great Patriotic War (World War Two), according to a statement announced by the Russian Ambassador to China, Igor Morgulov. Chinese authorities have not yet commented on the information. Morgulov stated that “The Chairman […]
ALROSA, which produces about 90% of diamonds in Russia, increased sales of investment-grade diamonds by a multiple of three times in 2024, to more than 1,000 units, the company has said. The investment category includes diamonds from 2 carats with certain colour and purity characteristics. Their price point starts from ₽2 million (over US$20,000) per […]
Russia exported 700,000 tonnes of confectionery products in 2024, up 8% year-on-year, while the value of these exports grew 10.3% to reach US$1.81 billion, according to the Russian Association of Confectionery Industry Enterprises. They were presenting at the “Confectionery Products of the 21st Century” conference in Moscow last week. The 2025 export forecast for Russian […]
Russian pig farmers had a significant boost in 2024, when China, the world’s largest importer of pork, began accepting Russian pork from April. That has resulted in expectations that 2025 will be a record-breaking year in Russian pork meat exports. Yury Kovalev, the CEO of the National Union of Pig Breeders stated that Russia exported […]
Russian President Vladimir Putin has been discussing and analysing Russia’s economic position during 2024 with Prime Minister Mikhail Mishustin to see areas that worked and where attention to change needs to be directed. Mishustin was presenting the results of Russia’s economic performance for last year. The results are generally positive but there are some critical […]
The upcoming BRICS Congress will take place in June, where it is planned to approve the creation of a BRICS Agrarian Alliance, according to Lyudmila Orlova, the President of the Russian National Movement of Conservation Agriculture. Orlova stated that “We held a round table in December and have now agreed on holding a congress and […]
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