Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China, India, Central Asia, Africa, and the Middle East. The share of these countries in Russia's foreign trade has increased from 46% to 82%.
"For the last three years, our trade with friendly countries has increased from 46% to 82%, reaching approximately $550 billion. Currently, more than 85% of our exports are directed to friendly nations, while imports from these countries now account for around 75%,” - stated Russian Deputy Prime Minister Alexander Novak as
According to the latest data published by the Federal Customs Service (FCS) on Russia's global trade, total trade turnover for January–April 2025 amounted to $214 billion, a decrease of 2.9% compared to the same period in 2024. Particulatly, exports from Russia fell by 5.9% year-on-year to $128.2 billion, while imports rose by 1.8% to $85.8 billion.
From January to April 2025, Russia's exports to Europe totaled $19.2 billion, marking a decline of 11.0% year-on-year. Exports to Asia stood at $97.6 billion (down 4.1%), to Africa at $6.9 billion (down 11.3%), and to the Americas at $4.3 billion (down 10.4%).
During the same period, imports to Russia from Europe amounted to $21.9 billion, down 1.6%. Imports from Asia rose to $57.5 billion (up 2.4%), from Africa to $1.5 billion (up 35.6%), and from the Americas to $4.8 billion (up 6.7%).
U.S. and Iranian officials said they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a pre...
The stepson of Norway's Crown Prince Haakon has been found guilty of two counts of rape as well as domestic violence and other crimes and is sentenced...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 15 June, covering the latest developments you need to know....
Leaders of the Group of Seven wealthy nations will meet at a French lakeside resort on Monday against a backdrop of preliminary deal to end U.S. and I...
Four people were killed while the Kyiv Pechersk Lavra monastery, a symbol of Ukrainian spiritual and cultural history, caught fire, in the heaviest Ru...
Four people were killed while the Kyiv Pechersk Lavra monastery, a symbol of Ukrainian spiritual and cultural history, caught fire, in the heaviest Russian air attack on the Ukrainian capital in two weeks, authorities said on Monday.
Ukrainian President Volodymyr Zelenskyy said he spoke with U.S. President Donald Trump on Sunday, 14 June about efforts to end Russia's war in Ukraine, as world leaders prepare to gather for the G7 summit in France.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
Tajikistan has strengthened its position as one of Central Asia’s fastest-growing economies. According to the European Bank for Reconstruction and Development (EBRD), the trend is supported by investment activity, industrial expansion and large-scale infrastructure projects.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
At the start of 2026, something unusual happened in China's car market. BYD, the company that had spent years at the top of the domestic sales charts, was knocked off its perch by a rival.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering (IPO), the company said on Monday, joining rival Anthropic in a race to the stock market as investors seek exposure to the artificial intelligence boom.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment