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.
Russia and Pakistan have commenced discussions concerning a Pakistan-Eurasian Economic Union Free Trade Agreement. Pakistan has an economy worth over US$2 trillion and a consumer market of over 250 million people. Moscow see Pakistan as a promising partner in the region with significant potential for growth.
Russia’s Foreign Minister, Sergey Lavrov, has met with the Ambassadors of all the 57 Organisation of Islamic Cooperation (OIC) members, stressing the need for further cooperation and trade development. The OIC has a combined population of about 25% of the entire world’s people.
Russia and Saudi Arabia are to start their mutual visa-free programme from May 11. There are about 20 million Muslims in Russia, in regions such as Tatarstan, Bashkortostan, Dagestan, Chechnya, Ingushetia, Kabardino-Balkaria, and Karachay-Cherkessia. The annual Haj pilgrimage to Mecca runs from May 24 to Friday May 29.
Sri Lanka has begun purchasing oil from Russia after supplies from its normal Middle East suppliers were disrupted a month ago. The price of fuel has rocketed and shortages have been affecting many aspects of local life and services. The first shipments are due to arrive at the end of this month.
Russia is set to resume its tourist trade with Venezuela after the countries President Maduro was abducted by US forces in January. The local situation appears to have returned to some normality with the resumption of direct flights between Moscow and Isla Marguerita now under discussion.
Subscribe to receive exclusive insights and analysis on Trade.
Russia has stepped up diplomatic and energy supply chain developments this past month with visits to India, Bangladesh and Sri Lanka, while Pakistan and Afghanistan, both bordering Iran, are also developing as key links in new emerging South Asian oil and gas infrastructure and architecture. We examine what is happening in a region that Russia is almost right in the centre of as regards energy security and future supplies.
Two senior Russian officials have released a joint analysis concerning Russia’s views of ASEAN, its relations with BRICS, the Shanghai Cooperation Organisation, Eurasian Economic Union and its role in defining the emerging new world order. It is essential geopolitical strategic reading for anyone interested in Southeast Asia and its relations with Russia, and the developing multipolar world.
Russia’s FESCO Transportation Group and the UAE’s DP World are creating a logistics and shipping alliance that will dwarf all the largest global operators such as Maersk and will develop both the Northern Sea Route as well as look at further developing Middle East-Asia-Central Asia-Russia trade dynamics. The move comes as sanctions and conflicts disrupt traditional routes and will secure Eurasian trade in the longer term.
Russia’s Deputy Head of the Russian Presidential Administration, Maxim Oreshkin, has stated that Russia’s foreign trade has increased, not decreased since western sanctions were imposed on the country in 2022. We crunch the numbers to look at what has changed and where Russian exports markets have declined, increased, and in which commodities.
The Russian Deputy Foreign Minister Andrey Rudenko has stated that Russia will not export oil to any countries imposing a price cap. This affects all the G7 nations including the European Union, who have imposed price caps at US$45 a barrel for Russian fuel oil. However, volatility created by the conflict in Iran has seen prices fluctuate between US$75 to above US$100 a barrel while Russia has shifted its energy export priorities to markets in Asia. JP Morgan analysts suggest the price could reach US$150 a barrel if the Strait of Hormuz is not reopened soon.
Russian logistics operators and shipping companies have found themselves in demand in Saudi Arabia due to their expertise in developing new supply chain routes in the wake of sanctions and handling regional conflicts. With the Strait of Hormuz remaining closed for Saudi exports, Russian and Saudi logistics professionals have been working the problem and coming up with creative solutions. It is a trend likely to impact future supply chains in the Middle East, Eurasia, Southeast Asia and Africa.
Русский
