The export of Russian halal products increased by 82% in value, reaching $380 million in 2024 amid extending relations with the Islamic countries.
“We have set major, ambitious goals, and trade with Islamic countries plays an important role in achieving them,” said First Deputy Agriculture Minister Elena Fastova at the International Economic Forum Russia – Islamic World: KazanForum. “Last year, Russia exported halal products worth $380 million—an 82% increase compared to 2023.”
Fastova identified Saudi Arabia, the UAE, and Iran as the primary consumers of Russian halal products. “We are also expanding exports to Algeria, Kuwait, Jordan, and Egypt,” she added.
The 16th International Economic Forum ‘Russia - Islamic World: KazanForum’ is taking place on May 13-18 in Kazan. The main theme for this year has been defined as ‘Digitalization: New Reality and Additional Opportunities for Expanding Cooperation’.
Head of the Agroexport federal center, Ilya Ilyushin, stated that Russia has "set ambitious targets for increasing food exports to Islamic countries." He added that the volume of Russian agricultural exports to the markets of the largest Islamic countries is expected to exceed $26 billion by 2030.
“Agricultural attachés are stationed in many Islamic countries—such as Algeria, Egypt, Indonesia, Iran, Malaysia, the UAE, Saudi Arabia, and Turkey—with representation in over 20 countries where the population is predominantly Muslim,” he noted.
To unlock the export potential of Russian halal products, Agroexport has developed a dedicated strategy for promoting them in the Middle Eastern and North African markets, he added.
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Kremlin spokesman Dmitry Peskov said on Saturday (14 March) that many countries are interested in purchasing Russian oil after the United States temporarily eased sanctions on certain exports.
Ukrainian drones struck an oil refinery and a key port in Russia’s southern Krasnodar region overnight (13-14 March), local authorities said, causing injuries and damage. In separate action, Russian air attacks on Ukrainian territory killed and wounded civilians near Kyiv, officials reported.
The European Commission will instruct governments to be flexible in enforcing EU rules on gas imports, diplomats told Reuters on Thursday (12 March), a move likely to benefit imports from Azerbaijan.
The new constitution of Armenia must not contain any reference to the Declaration of Independence, Armenian Prime Minister Nikol Pashinyan said on Thursday (12 March), according to Armenian media reports.
A long-running investigation has suggested that the street artist known as Banksy may be legally named David Jones. A report indicates that Jones was previously known as Robin Gunningham, a name long associated with Banksy, before legally changing his name several years ago.
A widening conflict involving Iran, the United States and Israel has triggered escalating military strikes across the Middle East, disrupted shipping through the strategic Strait of Hormuz and raised concerns over global energy supplies. This live report tracks the latest developments.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
North Korea fired what appeared to be a ballistic missile on Saturday (14 March), Japanese and South Korean officials said. The development comes amid the joint annual U.S.-South Korea "Freedom Shield" military drills and South Korean Prime Minister Kim Min-seok's visit to Washington.
Ukrainian drones struck an oil refinery and a key port in Russia’s southern Krasnodar region overnight (13-14 March), local authorities said, causing injuries and damage. In separate action, Russian air attacks on Ukrainian territory killed and wounded civilians near Kyiv, officials reported.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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