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 November 19, 2024

Russia – APEC 2024 Multilateral Meetings & Declaration: Analysis

The Asia-Pacific Economic Cooperation (APEC) annual summit has concluded in Lima, Peru, with Russia as a member along with Australia, Brunei, Canada, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the United States, Taiwan, Hong Kong, China, Mexico, Papua New Guinea, Chile, Peru, and Vietnam. The Russian delegation was led by Deputy […]

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Featured November 18, 2024

Russia – Peru 2024 Bilateral Relations: Update

Peru has been hosting the annual Asia-Pacific Economic Cooperation (APEC) summit, with the head of the Russian delegation, Deputy Prime Minister Alexei Overchuk, received by the Peruvian Prime Minister Gustavo Adrianzén Olaya. During their meeting, the sides discussed the current state of trade and economic relations between Russia and Peru as well as their prospects […]

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November 16, 2024

Operator Sought For Astrakhan-Turkmenbashi Port Ferry Services

The Russian Ministry of Industry, Trade, and Energy of the Astrakhan region has stated that regional authorities are working on the issue of determining an operator for a regular ferry service to be launched between the Olya port, in the Astrakhan region and Turkmenbashi port in Turkmenistan. Large Caspian shipping companies are apparently ready to […]

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November 15, 2024

G20 Countries Interested In Joining BRICS New Development Bank

Brazil, which is hosting the upcoming G20 annual meetings in Rio de Janeiro from 18–19 November, has made the BRICS New Development Bank (NDB) a G20 partner for 2024. Several G20 countries could subsequently join the bank, according to Russian Foreign Ministry Ambassador Marat Berdyev. The G20 includes Argentina, Australia, Brazil, Canada, China, France, Germany, […]

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November 15, 2024

New Belarus-Export-To-Asia Terminal Being Developed In Murmansk

A new Belarusian terminal in Murmansk will receive tax benefits and guaranteed rail transportation capacity, according to Andrei Chibis, the Murmansk regional governor. Belarus is a member of the Eurasian Economic Union allowing it free trade access to Russia, and has a new Free Trade Agreement with China.  Signed in August this year, this would […]

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November 14, 2024

New Russian Rail Digital Container Terminal To China Being Constructed

Russian Railways are to build another railway container terminal on the border with China at the Zabaikalsk / Manzhouli border checkpoint, according to the Russian Far East and Arctic Development Corporation. It will be able to process up to 250,000 digital containers (DFE) per year and will contribute to the increase in cargo flows on […]

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November 14, 2024

Russia To Develop Agriculture & Fertilizer Export Trade With India

The Russian Deputy Agriculture Minister Maxim Titov has been involved this week in the Russian-Indian intergovernmental committee in New Delhi and has commented on Russia’s agricultural export market with India. He stated that “Trade in agricultural products between Russia and India grew by more than 50% in the first nine months of 2024, and Russia […]

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November 14, 2024

Northern Sea Route Freight Transit Increases 40% In 2024 

International cargo transit along the Northern Sea Route (NSR) has already reached a volume of 3 million tonnes, exceeding 2023’s figures by 40%, according to Alexey Likhachev, Director General of Rosatom. He was speaking during the launching ceremony of Russia’s latest nuclear icebreaker, “Chukotka”. The vessel is Russia’s fifth nuclear-powered icebreaker, with Russia the only […]

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November 14, 2024

Oman and Qatar Want To Join The North-South Transport Corridor

Oman and Qatar are interested in expanding the North-South International Transport Corridor (ITC), the multimodal supply chain route that stretches from Russia’s Caspian Sea coast to Iran and onto South Asia. Marat Zembatov, a member of the Russian-Omani Business Council at the Chamber of Commerce and Industry of Russia, and a member of the transport […]

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November 13, 2024

Libya Interested In Joining BRICS

Libya has expressed interest in joining the BRICS group, according to Taher al-Bawr, the Acting Foreign Minister has said in an interview at the First Russia-Africa Ministerial Conference. Al-Bawar said that “We are interested in joining, but joining is a guarantee of the value, the benefit that Libya can receive from joining the association. In […]

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November 13, 2024

Russia To Simplify Foreign Tourism Visa Access To The Russian Far East  

The Russian government and relevant authorities should simplify the possibility for foreign tourists to enter regions of the Russian Far East, President Vladimir Putin has said, in assignments given at the conclusion of meetings with Russian officials during the recent Eastern Economic Forum in Vladivostok. The Russian State Cabinet, together with the Foreign Ministry, the […]

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