News

Russia-India Agricultural Trade Grew 60% In 2024

Agricultural trade between India and Russia has grown by more than 60% in the past year, Russian Deputy Prime Minister Dmitry Patrushev said during current talks with India’s Ambassador to Russia, Vinay Kumar. “We are interested in further developing mutual trade,” Patrushev said during the meeting, adding that Russia is ready to increase exports of […]

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Russia-Morocco Agricultural Trade

Africa, Agriculture, Exports, Trade

In 2024, Russia exported agricultural products worth nearly $280 million to Morocco, a threefold increase compared to the previous year, according to estimates from the Agroexport Center. Growth was driven by supplies of wheat, which increased 3 to 4 times in value. “Thanks to more competitive prices and quality, Russia became the leader among wheat

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India Now Producing Russian Weapons: Defence Minister

BRICS, India, Investment, Security, Trade

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

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Lukoil Expected To Sign New Egyptian Oil Concession

Africa, BRICS, Energy, Investment, Middle East, Trade

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.

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Russian Foreign Ministry: “Developing Trade With Asia Is A Key Task”

Asia, Trade

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

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Russia 2025 Double Tax Treaty Agreements: An Update

Finance, Investment, Regulatory, Trade

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

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Trade With Southeast Asia and Latin America Now Accounts for 70% of Russia’s Exports & Imports: Foreign Ministry Interview

Asia, BRICS, Eurasian Economic Union, Finance, Latin America, Trade

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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Xi Jinping Expected To Visit Moscow In May For World War Two Victory Day Celebrations

China, Russian Market, Trade

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

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Russian Domestic Investment Grade Diamond Sales Increase Threefold

Economy, Finance, Russian Market, Trade

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

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A Sweet Tooth For Russian Sweets: Russian Confectionary Exports Up 8% In 2024

China, Commonwealth of Independent States, Eurasian Economic Union, Exports, Russian Market, Trade

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

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