Latest updates, insights, and analysis.
Russia’s unrealized export potential in trade with the Caspian countries is estimated at US$3.5 billion, which is about 10% of Russia’s trade turnover with the countries of the region in 2023, according to Dmitry Volvach, Russia’s Deputy Minister of Economic Development of Russia. He was speaking at the Third Caspian Economic Forum in Tehran. Russia’s […]
Russia boosted exports of baby food 14% year-on-year to over 28,000 tonnes in 2024, according to the Russian Agriculture Ministry’s Agroexport centre. Russian baby food manufacturers have been developing new markets over the past two years, with companies such as Progress, whose main brand is FrutoNyanya, preparing to export its products to the markets of […]
Russia boosted oatmeal exports 1.5-fold year-on-year to a record of around 43,000 tonnes in 2024, according to the Russian Agriculture Ministry’s Agroexport center. China accounted for 53% of the supplies as the primary purchaser, with Kazakhstan at 12% and Georgia at 8% rounding out the top three importers of the product. Oatmeal has become a […]
Some parts of the European Union and its allies have been working together to facilitate LNG supplies to breakaway nations in rare moves of solidarity between EU and non-EU states. In this case, Hungary has helped prevent a humanitarian disaster in Transnistria – where winter temperatures regularly drop below -5 degrees, by working together with […]
The Belarusian Deputy Economy Minister Alesya Abramenko has said that bilateral trade in goods and services between Russia and Belarus reached US$57.6 billion, achieving a growth rate of 107.4% in 2024. Abramenko was speaking at a meeting of the interdepartmental working meeting of the Belarusian Economy Ministry and the Russian Economic Development Ministry. She added […]
Russia sees significant opportunities for strengthening cooperation with Africa, Foreign Minister Sergey Lavrov told MPs in the State Duma on Wednesday. He was speaking before heading to South Africa to attend the annual G20 Foreign Ministerial meetings. Speaking on Russia’s foreign policy priorities and initiatives, Lavrov emphasized that Moscow is working with African nations to […]
Trade between India and Russia using the International North South Transport Corridor (INSTC) almost doubled last year, according to Russian Railways official Dmitry Kryukov. New Delhi is increasing the volume of exports via the route as it looks to reduce its substantial trade deficit with Moscow. Kryukov said that “The net cost of the service […]
Russia and Iran have discussed further construction of the second phase of a nuclear power plant (NPP) in Bushehr and cooperation in the aircraft and auto industries, Russian Deputy Prime Minister Alexei Overchuk said after meeting with Iran’s First Vice President Reza Aref on Tuesday (February 18), with Overchuk saying “We discussed energy cooperation, including […]
The Russian government is submitting for ratification an additional agreement with China, which should significantly facilitate the mutual visa regime for logistics businesses, according to Prime Minister Mikhail Mishustin. He said that after the document comes into force, all Russians who are engaged in road transport from China will be able to obtain a multiple-entry […]
A senior delegation from Russia’s Federation Council, led by its chairperson Valentina Matviyenko, is on a three-day trip to Ethiopia where they have held talks with Ethiopian Prime Minister Abiy Ahmed Ali. Among the Federation Council delegation is a high-ranking team that includes Maxim Reshetnikov, Russia’s Minister of Economic Development; Mikhail Murashko, Minister of Health; […]
Russia is discussing LNG supplies and development investments with Indonesia and Malaysia, according to Roman Marshavin, Russia’s Deputy Energy Minister. Indonesia and Malaysia have Asia’s largest liquefied natural gas capacity, with the latter ranking fifth worldwide in exporting LNG in 2023. However, their capacity is underutilized, and both countries are experiencing depletion of their resource […]
Russia boosted turnover of agricultural products with Egypt 20% and Tunisia over 30% in 2024, the Russian Agriculture Ministry has said. The data was released following talks between Russian Agriculture Minister Oksana Lut and Baha El-Ghannam, director of Egypt’s Mostakbal Misr agency for sustainable development, and Salwa Ben Hadid Zouari, the CEO of Tunisia’s grain […]
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