Trade News & Analysis

Trade

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.

Featured December 11, 2024

Eurasian Economic Union Reaches Agreement on Unified E-Commerce  

The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population […]

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Featured December 11, 2024

Zimbabwe Wants Russian Assistance With African Space Programme

Zimbabwe is looking for Russian assistance to build its own spaceport and send its first astronaut into orbit within the next decade, according to Painos Gweme, the director of Zimbabwe’s National Geospatial and Space Agency (ZINGSA). Gweme has stated that Zimbabwe has begun negotiations with Russia’s national spaceflight corporation, Roscosmos, about planned projects, including sending […]

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December 11, 2024

Russia’s Tagras Holdings To Resume Oil Exploration In India

The geophysical division of TNG-Group, part of the Tatarstan-based oilfield services holding Tagras Holdings, plans to resume operations in India, the company has said following discussions with Oil India, the country’s largest oil producer. TNG-Group and Oil India previously collaborated on the processing and interpretation of seismic data. The geophysical division of Tagras has also […]

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December 11, 2024

Russia Exports Record Amounts Of Honey 

Russia has boosted exports of honey 43% year-on-year to achieve an all-time high of 4,000 tonnes in the eleven months January-November 2024, the Agriculture Ministry’s Agroexport center has stated. The main importers of Russian honey during 2024 have been Slovakia at 26% of the overall supply, Serbia at 21%, and China at 16%. There are […]

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December 10, 2024

Russia Relaxes Visa Requirements For Another Eleven Countries: The Demographics 

Russia has announced an expansion of the list of countries whose nationals are eligible for its single-entry electronic visa (e-visa), including three African countries: Kenya, Eswatini, and Zimbabwe. The move is expected to improve travel between Russia and countries concerned, boosting tourism, business, and cultural exchanges. Russian Prime Minister Mikhail Mishustin signed an order on […]

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December 10, 2024

Russia-China Bilateral Trade Expected To Reach US$243 Billion For 2024

Bilateral trade between Russia and China has increased by 2.1% year-on-year to US$222.774 billion in the first eleven months of 2024, according to data released on Tuesday (December 10) by China’s customs. That implies a 2024 total of US$243 billion will be reached for the year, a record high and slightly more than last years […]

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December 10, 2024

Russia – Kenya 2024 Bilateral & Trade Relations: Update

Russian entrepreneurs are preparing to supply agricultural products and wines to Kenya, and plans are underway to establish a Russian trading house in Nairobi, according to Vladimir Vishnevsky, head of the commission for developing relations with Africa at ‘New Formation’, one of Russia’s largest business organizations. The comments were made following a recent meeting between […]

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December 9, 2024

China-Europe Rail Freight Continues To Rely Heavily on Russia Transit

Rail freight from China to Europe continues to rely heavily on transit through Russia, however the EU’s own sanctions, and especially new counter-sanctions imposed by the Kremlin, continue to create significant obstacles. For example, Italian logistics firms and importers have been complaining that containers following the China-Europe rail route have been stopping in Russia in […]

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December 9, 2024

Russia-China Nizhneleninskoye-Tongjiang Bridge Crossing Exports: Update 

The new Nizhneleninskoye-Tongjiang cross-border bridge between Russia and China has proved beneficial to Russia’s raw material exports since it opened in November 2022, and has become a key route for Russian coal and iron ore to be transported to China. Chinese finished goods are also imported in containers via the same cross-border bridge. Russia’s Transit […]

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