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Putin at SPIEF: BRICS trade turnover exceeds $1 trillion

On June 5, at the SPIEF plenary session, Putin announced that the BRICS countries' trade turnover had exceeded $1 trillion. In 2018, at the same forum, he mentioned the figure of $125 billion. An eight-fold increase in eight years. Behind this figure is the infrastructure of settlements, logistics corridors and cooperation, which was built by specific companies. For Russian businesses trading with partners of the block, this is a direct context.

Economy

Parallel import extended to 2026: what's left, what's closed

4,433 11.06

Customs and International Trade

Perfumes and cosmetics under the "Fair sign" from September 1, 2026

1,381 11.06

Marketplaces

Putin allowed the Central Bank's rate cut — June 19 meeting, forecast to 13%

1,024 11.06

Economy

WB, Ozon and Avito gave sellers the right to refuse shares

1,155 11.06

Marketplaces

SPIEF 2026: 6.6 trillion rubles of transactions and the U.S. delegation for the first time in 10 years

749 11.06

SPIEF 2026 ended on June 6 with a record: 1,084 agreements worth 6.642 trillion rubles, 24,500 participants from 142 countries. The main historical event of the forum is the official U.S. delegation to the SPIEF for the first time in 10 years. Putin announced at the plenary session on June 5 that the trade turnover of the BRICS countries has exceeded $1 trillion. The guest country, Saudi Arabia, has deployed the largest national stand.

Economy

China adapts electric cars to -40°C: first models in autumn

1,588 03.06

BYD, SAIC and Geely have officially started adapting their electric vehicles to Russian climatic conditions. Key changes: reinforced batteries for operation at -40°C, heat pumps, battery heating. This is a direct response to the main complaint of Russian dealers. The first adapted models will appear on the market in the third quarter of 2026.

Commercial vehicles

Since June 1, large businesses have been importing without an advance payment

1,342 03.06

Since June 1, 2026, the largest taxpayers, tax monitoring companies, marketplaces and authorized economic operators have been granted the right to import goods without making an advance customs payment. Payment is made upon the issue of the customs declaration, not before it. At the same time, AEO received new operational rights: to split up shipments, sort and label goods in warehouses without approval from customs.

Customs and International Trade

The United States and Iran have declared a truce: Hormuz is being opened, oil has fallen below $90

946 03.06

On June 2, 2026, the United States and Iran announced a ceasefire. The Strait of Hormuz is beginning to open: Iran is clearing mines for 30 days, while the United States is lifting the naval blockade. Brent and WTI crude oil fell below $90 for the first time since November 2025. Gas prices in Europe fell by 18.5%. The first 20 vessels passed through the strait with Iran's permission in the first hours after the announcement.

Economy

SPIEF 2026 opens: 6.5 trillion rubles of deals, BRICS on the agenda

1,874 03.06

On June 3, the XXIX St. Petersburg International Economic Forum opened in St. Petersburg. Topic: "Pragmatic dialogue is the way to a stable future." The program includes BRICS, SCO forums, business dialogues with China, India, the United Arab Emirates, and the EAEU–ASEAN. The guest country is Saudi Arabia. The expected volume of transactions is 6.5 trillion rubles. The tax cooperation of the BRICS countries is allocated in a separate block of the program.

Economy

Rosselkhoznadzor has closed almost all shipments from Armenia

900 03.06

Customs and International Trade

VTB joins Wildberries, Sberbank joins Ozon: banks enter the market

1,136 03.06

Marketplaces

Wildberries has opened exports to China: how to get into the first wave

2,721 02.06

Marketplaces

The FCS wants to see the HS and declaration in every marketplace card

2,219 02.06

Customs and International Trade

A road bridge has been docked on the border of Russia and the DPRK

1,679 02.06

The spans of a new automobile bridge over the Tumannaya River were connected on the Russian-North Korean border. The bridge will connect Khasan (Russia) and Tumangan (North Korea). The construction was carried out simultaneously on both sides. After the completion of the work and the opening of the checkpoint, this will be the first road crossing between the countries — until now there was only a railway connection.

Cargo transportation

Disputes with WB and Ozon will be transferred to Public Services: service by June 30

1,237 02.06

После резкого падения импорта из Китая в марте-апреле, с мая возник отложенный спрос на доставку и бизнес столкнулся с «овербукингом».

Marketplaces

SPOT from June 1 is mandatory for everyone. Results of the first day

982 02.06

Customs and International Trade

Ozon has forever divided the reviews by options: What sellers are losing

2,463 01.06

Marketplaces

KAMAZ crossed the border with China: the first unmanned flight took place

2,224 01.06

Cargo transportation

On July 16-17, Moscow will host the conference "Three Keys to China: Calculations, Chains, Relationships"

638 30.05

Customs and International Trade

Brazil tests Drex with UAE: First CBDC bridge outside BRICS

642 28.05

Economy

India builds chips: $15 billion investment, top 5 target by 2030

579 28.05

Economy

China is building a railway to the Caspian Sea, bypassing Russia: minus 20% on logistics

501 28.05

Cargo transportation

Russia expands CIPS: direct settlements with China without SWIFT

1,494 28.05

Cryptocurrency

Current articles All articles

How to verify a Chinese counterparty. Part 2: When the numbers diverge from reality

1,655 04.06

Customs and International Trade

The Yellow River Dam as an assembly point: a report from Sanmenxia on a new stage of cooperation between Russia and China in BRICS

908 03.06

Customs and International Trade

Social capital as a strategic resource in the new realities of the business environment

1,614 30.05

Security and insurance

Payment routes through third countries: UAE, Armenia, Kazakhstan

1,370 26.05

Cargo transportation

Mistakes when creating a personal fund: three cases that cost millions

2,117 13.05

Seven out of ten funds suffer from the same mistakes —cost confusion, verbal agreements, and lack of a "reserve of alternatives." Three real cases of my clients: from 20 to 300 million rubles of losses. And the checklist, how not to repeat.