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 Ambassador to Iraq, Elbrus Kutrashev, has stated that the Iraqi government is interested in BRICS, but it is too early at present to talk about the country becoming a member. Speaking to Izvestia, he said “Russia is in fashion among Iraqis now. There are many who want to visit Russia for tourism or […]
Russia has received the right to export livestock products to Cuba, in moves that should provide a boom for Russian exporters operating in this sector. The Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has been looking at developing foreign markets, and an audit of the Russian system for control and oversight of animal-origin […]
Russia has the potential to export more than US$210 million worth of agricultural products to Thailand per year by 2030, according to Dmitry Krasnov, the head of the Russian Ministry of Agriculture’s Agroexport Center. He was speaking at a business mission by Russian exporters to Thailand on Tuesday (October 28). Krasnov said that “At present, […]
The Russian and Kuwaiti Foreign Ministers have met in Moscow, with Russia welcoming Kuwait’s growing interest in developing relations between the two countries, according to Russian Foreign Minister Sergey Lavrov following talks with Kuwaiti Foreign Minister Abdullah al-Yahya. Lavrov said “We have welcomed the growing interest of the governments, departments and business circles of the […]
Russia and Tanzania are capable of doubling their trade, and Russian businesses display an interest in joint projects in energy, agriculture, infrastructure, and tourism, Russian Economic Development Minister Maxim Reshetnikov said while meeting with Tanzanian Prime Minister Kassim Majaliwa. A Russian delegation led by Reshetnikov arrived in Tanzania on Monday (October 28) to take part […]
Subscribe to receive exclusive insights and analysis on Trade.
The Basel-based Bank of International Settlements (BIS) is poised to drop cooperation with the mBridge financial settlements system, in a move that would delay the introduction of any alternative financial settlements system to SWIFT. mBridge has been developed by the Central banks in China, Thailand, Hong Kong, and the UAE, and has recently and successfully […]
The Arkhangelsk Region wants to establish joint ventures with Chinese companies in Dalian (Port Arthur) to manufacture specialized container equipment, as well as service centres for their maintenance. Arkhangelsk and Dalian are linked by the Northern Sea Passage, a growth route for Russia-China trade. The scheme was discussed on October 24, 2024, during a meeting […]
Haval autos, (part of China’s Great Wall Motors) plans to expand the production facilities of its Tula based factory, with upgrades now ongoing. Starting in 2025, after the modernisation is completed, Haval will produce up to 200,000 cars per year from the Tula site, according to Andrey Akifyev, Executive Director of Haval Motor Rus. That […]
India has received its first shipment of Russian hardwood veneer, totaling 1,480 cubic meters of product. It was exported from Khabarovsk to Chennai on India’s east coast. Wood veneer is used in wooden construction and furniture as a decorative or harder protective layer over cheaper wood varieties. The Amur Forestry Company LLC, a division of […]
Russia exported around 2.7 million tonnes of wheat to Bangladesh in the 9M January-September this year, up 42% from the 1.9 million tonnes exported in the same period last year, according to the Russia’s Agroexport Centre. Bangladesh is the third largest importer of Russian wheat this year. Egypt is in first place, while Turkiye is […]
Latin America was well represented at the 2024 BRICS Heads of State Summit, with Brazil sending a Ministerial-level delegation and Bolivia and Cuba being granted ‘BRICS Partner’ status. The 2025 annual BRICS summit will be held in Brazil where further LatAm developments can also be expected. We discuss these issues on a multilateral basis as […]
Русский
