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.
Algeria has officially become a member of the New Development Bank (NDB), a financial institution created by the BRICS group of countries. The bank’s press office announced this on Thursday, May 22. “Algeria plays an important role not only in the North African economy, but also at the global level and will certainly contribute to […]
Russian Deputy Prime Minister Alexander Novak and Bahrain’s Oil and Environment Minister Mohamed bin Mubarak Bin Dainah have been discussing cooperation under the OPEC+ agreement, with eyes on production guarantees for ensuring the stability and predictability of the world oil market. They have agreed to coordinate relations in this area, in response to Western sanctions […]
The world’s first cross-border cableway, which will connect Russia and China and stretch across the Amur (Heilongjiang) river, will cost more than ₽13 billion (US$164 million) according to the latest projections, according to Ekaterina Kuzmina, the CEO of the Agency for the Development of Project Initiatives (ARPI). Kuzmina said that “Right now, the total project […]
Russian Railways (RZD) sees potential to extend the International North-South Transport Corridor (INSTC) to Africa and is also studying railway projects in a number of African countries, RZD first deputy CEO Sergei Pavlov has stated. He was speaking at the State Duma during a meeting of the expert council for the development and support of […]
The Russian Foreign Minister, Sergey Lavrov has been visiting Yerevan at the invitation of the Ararat Mirzoyan, the Armenian Minister of Foreign Affairs. During the talks held at the Armenian Foreign Ministry, they discussed a wide range of issues related to the development of bilateral cooperation, interaction within the Eurasian integration associations, and coordination at […]
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Azerbaijan’s Isfa plans to invest up to AZN7 million (US$4.1 million) in planting an olive orchard and building an olive oil plant in Dagestan, the Azerbaijan’s Economic Zones Development Agency has reported. Isfa LLC, which has been operating in Azerbaijan since 2015, signed a memorandum on cooperation with Dagestan’s Export Support Center. Under the document, […]
Russia hopes to establish a sanctions-proof channel for the supply of petroleum products by building a petroleum product pipeline in the Congo and also to gain the status of a strategic partner in ensuring the energy security of the entire region, Russian Deputy Energy Minister Dmitry Islamov has stated to the State Duma. Islamov was […]
Illustrating that Russian producers and exporters are gaining more ground in their new-found attitude to seeking out new exports markets, Russia exported over 180 tonnes of canned sardines, sprats and Baltic herring worth nearly US$500,000 to Laos this year to date, according to the Agroexport Federal Centre. This marks Russia’s first ever shipment of canned […]
The value of transactions on the Belarusian Universal Commodity Exchange (BUCE) conducted by Belarusian and Russian producers increased 3.4-fold in 2024, while it grew 20% year-on-year in January-April 2025, according to Herman Puzyrny, the deputy head of BUCE’s Foreign Economic Activity Department. Puzyrny said that “Russia traditionally ranks first in trade volume among all countries […]
The Russia-Islamic World International Economic Forum has now finished, with Russia’s Deputy Prime Minister Marat Khusnullin attending. The event was held in Kazan, the capital of Tatarstan and itself a majority Muslim region of Russia. In his summarizing remarks, Khusnullin said that “Developing ties with Islamic states is one of the priorities of Russia’s foreign […]
The Russia-Afghanistan Business Forum has been held during the Russia-Islamic World Economic Forum in Kazan, with delegations from Russia, Afghanistan and related countries all attending. Participants discussed the prospects for developing transport infrastructure in Afghanistan, as well as the creation of multimodal corridors linking Russia, Kazakhstan, Uzbekistan, Afghanistan, and Pakistan, and a second route connecting […]
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