Russia-China trade volume reaches record-high
The volume of trade between Russia and China has increased by 26.7% year-on-year and has reached a historic record of $218.17 billion, exceeding …
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Russia and Iran plans to develop trade roadmap
Russia and Iran should develop a roadmap to reduce trade dependence on currencies that can be used as a sanction tool, the two countries said in the declaration on ways and means of countering, easing and compensating adverse consequences of …
Azerbaijan and Russia to wrap up year with positive dynamics in trade turnover
Azerbaijan and Russia are close to wrap up 2023 with positive dynamics in trade turnover, Azerbaijani Foreign Minister Jeyhun Bayramov said …
Azerbaijan and Russia increase trade turnover
According to the results of ten months of this year, Russia and Azerbaijan increased trade turnover by 20%. It amounted to $3.4 billion. The Russian Federation became the main recipient of Azerbaijani non-oil goods.
Russia-China trade turnover on the rise
The trade turnover between Russia and China in January-October increased by 27.7% year on year and reached $196.48 bln, China's General …
Russia welcomes 16 new foreign brands this year
Since the beginning of 2023, 16 new foreign brands of consumer goods have entered the Russian market, a record figure since 2019, NF Group (formerly Knight Frank) reported. In 2019, 26 new foreign retail players entered Russia, and then …
Georgia's trade turnover expected to hit new record levels
Georgian Deputy Economy Minister Vakhtang Tsintsadze said his office expected the volume of the country's export and trade turnover to hit “new record levels” in 2023, repeating the last year's results. According to …
E-commerce sector grows in North Caucasus
In the republics of the North Caucasus, the popularity of e-commerce is growing
Russia-Armenia trade turnover to grow
The Armenian-Russian trade is very likely to surge by 60% in 2023, Armenian Economy Minister Vahan Kerobyan said. He recalled that last year Armenia's trade turnover with Russia increased to $5 bln, but this year there is an …
Why won't Georgia join sanctions against Russia?
Trade turnover between Georgia and Russia exceeded $1.1 bln in the first five months of 2023, up by 38.4% year-on-year, according to data released by the National Statistics Service of Georgia. With Russia being Georgia’s …
Russia's trade with Turkey and Azerbaijan rises sharply
Azerbaijan, Türkiye, India and China have replaced the European Union in Russia's foreign trade, acting head of Russia's Federal Customs Service Ruslan Davydov said on the sidelines of the St. Petersburg International …
Saudi Arabia and Syria resuming cooperation
Saudi Arabia and Syria discussed cooperation in different fields on the sidelines of their participation in Arab-Chinese Business Conference held in …
EAEU refuses dollar
Members of the EAEU do not need the dollar to conduct mutual trade, Russian Deputy Prime Minister Alexei Overchuk said
Russia-China trade may exceed $200 bln
The bilateral trade turnover between Russia and China may exceed the benchmark of $200 billion this year, Russian Prime Minister Mikhail Mishustin said on Wednesday during talks with premier of the State Council of China Li Qiang. …
Russia-Georgia trade trends
Since the beginning of the year Russia-Georgia trade has increased by more than 50% compared to the data for the same period in 2021. In January-April, the trade turnover between the two countries amounted to $848.5 million, it …
Russia emerges as 2nd largest goods supplier to India
Imports from the Russian Federation saw a 4.7-fold increase compared to the same period last year, making it the largest quarterly figure in history. India imported Russian goods to the tune of $15.5 billion, making Russia …
Russian exports to India reach record high
Russia delivered a record $41.6 billion worth of goods to India during the incomplete 2022-2023 fiscal year, becoming India's fifth largest trading partner, according to the Indian Ministry of Commerce and Industry. Thus, …
Europe's hydrogen market able to bring significant benefits to Azerbaijan
Azerbaijan's renewable energy potential is extremely high, which makes it possible to provide an important competitive advantage, namely, the low cost of producing green hydrogen, managing director and partner in Boston Consulting Group …
Trade turnover in EAEU up 15% in 2022
Member-states of the Eurasian Economic Union (EAEU) are proactively boosting trade turnover as it gained 15% last year alone, Russian Prime Minister Mikhail Mishustin said at a meeting with members of the State Duma, the lower house of the …
Zara stores to open in Russia under new name
More than 200 stores of the Inditex group (the owner of Zara, Pull&Bear and other chains) that left Russia under the names Maag, Dub, Ecru, Vilet will open in Russia in May, Russian Deputy Minister of Industry and Trade Viktor Evtukhov …
