🇷🇺🇰🇷 South Korea is becoming a key market for Russian coal again.

In January–May 2026, South Korea doubled coal imports from Russia to 10.2 million tonnes (+96.2% YoY), making Russia the 2nd largest coal supplier after Australia.

Top suppliers (Jan–May 2026):
🇦🇺 Australia – 15.3 Mt
🇷🇺 Russia – 10.2 Mt
🇮🇩 Indonesia – 10.1 Mt

The growth is driven by:
⚡ Higher coal and nuclear power generation
🔥 Expected record summer electricity demand
⛽ Expensive LNG and oil imports
📦 Stockpiling ahead of winter

Despite high logistics costs and pressure on Russian exporters, South Korea remains one of the most attractive premium markets for Russian thermal coal.

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🌾🇷🇺 Russia’s Agri-Food Exports Surpass $20 Billion in H1 2026

Russia’s agricultural and food exports exceeded $20 billion in the first half of 2026, marking a 26% year-on-year increase, according to the Federal Center Agroexport.

Top export growth:
🌾 Grain & pulses: +43%
🐟 Fish & seafood: +28%
🌻 Vegetable oils & fats: +22%
🥛 Dairy products: +20%
🍫 Confectionery: +13%
🍽️ Processed food products: +15%

The strong performance reflects growing global demand for Russian agricultural products and the country’s expanding presence in international food markets.

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🇨🇳❄️ China Launches the First Weekly Arctic Container Service to Europe

Chinese carrier Sea Legend Shipping is launching the world’s first weekly container service via the Northern Sea Route (NSR).

🚢 Arctic Route vs. Suez

✅ 20–25 days via the NSR
❌ 30–40 days via Suez

📉 Up to 50% faster
📏 30–40% shorter distance
⛽ Lower fuel costs

For Russia, this means more transit cargo, stronger Arctic ports, and growing importance of the Northern Sea Route in global trade.

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🟡 Sulphur Market Update | July 2026

The global sulphur market remains tight, with prices supported by supply restrictions and geopolitical uncertainty.

Key factors:
• 🇷🇺 Russia has extended its sulphur export ban through the end of 2026.
• 🇰🇿 Kazakhstan has also suspended sulphur exports, removing additional volumes from the market.
• 🇹🇲 Turkmenistan is becoming an increasingly important export origin for international buyers.
• 🇨🇳 Strong demand from China continues to keep prices elevated.

Current price indications:
• FOB Middle East: $800–900/t
• CFR China (granular): $1,000–1,100/t

With fertilizer demand remaining strong and export restrictions reducing available supply, the market is expected to stay firm through Q3 2026.

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Kazakhstan Dominates Global Uranium Mining — But Still Has No Nuclear Power Plant

Kazakhstan remains the world’s largest uranium ore mining, accounting for around 40% of global output—more than the next several countries combined.

Top uranium producers:
🇰🇿 Kazakhstan — 23,270 t
🇨🇦 Canada — 14,309 t
🇳🇦 Namibia — 7,333 t
🇦🇺 Australia — 4,598 t
🇺🇿 Uzbekistan — 4,000 t
🇷🇺 Russia — 2,738 t

Despite its overwhelming leadership in uranium mining, Kazakhstan still has no operating commercial nuclear power plant. The country exports most of its uranium while relying primarily on coal and gas for domestic electricity generation.

This makes Kazakhstan one of the world’s most unique energy paradoxes: the largest supplier of nuclear fuel without producing nuclear electricity.

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🌍 Inflation Ranking Across the Post-Soviet Region (June 2026)

Official annual inflation rates continue to vary significantly across the former Soviet states.

📊 Top 15 by Official Annual Inflation:

🇰🇬 Kyrgyzstan — 11.0%
🇰🇿 Kazakhstan — 10.3%
🇺🇦 Ukraine — 7.2%
🇹🇲 Turkmenistan — 7.0% (official forecast)
🇲🇩 Moldova — 6.5%
🇺🇿 Uzbekistan — 6.4%
🇷🇺 Russia — 6.0%
🇬🇪 Georgia — 5.8%
🇦🇿 Azerbaijan — 5.8%
🇱🇹 Lithuania — 5.7%
🇦🇲 Armenia — 5.1%
🇧🇾 Belarus — 4.3%
🇹🇯 Tajikistan — 4.1%
🇱🇻 Latvia — 3.4%
🇪🇪 Estonia — 2.3%

📈 Inflation remains in double digits in Kyrgyzstan and Kazakhstan, while the Baltic states continue to report the lowest official inflation rates in the region.

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🇦🇲 Armenia Opens the EU Market for Fish Exports – A New Opportunity for European Buyers

Armenia has officially received approval to export fish and fishery products to the European Union, opening one of the world’s most attractive seafood markets.

📊 Why it matters:
• 🇦🇲 Armenia has 166 fish farms operating on nearly 2,900 hectares.
• 🐟 Fish production exceeded US$145 million in 2024.
• 📈 Fish and seafood exports reached almost US$80 million in 2025.
• 🇪🇺 The EU market gives Armenian producers access to 450+ million consumers.

This is expected to create new opportunities for Armenian exporters while increasing sourcing options for European seafood importers.

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🌍 Global Steel Powerhouses: The Race Is Far From Over

China remained the undisputed leader in global steel production in 2025, producing 960.8 million tonnes—more than the combined output of the next several countries.

🇨🇳 China: 960.8 Mt
🇮🇳 India: 164.9 Mt (solidly in 2nd place)

The gap is enormous, but the story isn’t just about volume. Steel production remains one of the clearest indicators of industrial strength, infrastructure investment, and manufacturing capacity.

As India continues to expand and countries like Vietnam, Indonesia, and the Middle East invest heavily in new steel mills, the global balance of industrial power is gradually shifting.

📊 Top 10 steel-producing countries (2025) — who is rising, who is losing ground, and where will the next wave of demand come from?

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🇨🇳🌾🇷🇺 China’s Rapeseed Oil Imports from Russia Approach $1 Billion in H1 2026

China imported 855,000 tonnes of Russian rapeseed oil worth almost US$985 million during the first half of 2026.

Compared to H1 2025, imports increased by:
📈 +31% in volume
📈 +44% in value

Top rapeseed oil suppliers to China (H1 2026):
🥇 Russia — US$985M
🥈 UAE — US$147M+
🥉 Belarus — US$113M
4️⃣ Kazakhstan — US$24M+
5️⃣ Australia — US$20M+

Overall, China imported more than 1.2 million tonnes of rapeseed oil worth over US$1.3 billion in the first six months of 2026, with Russia remaining the dominant supplier.

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🇷🇺🌾 Russia could harvest a record rapeseed crop in 2026

Russia’s rapeseed production is forecast at 7.3–7.7 million tonnes this year. If yields remain strong, the harvest could exceed 8 million tonnes, setting a new all-time record.

📈 Last year’s crop totaled 5.5 million tonnes, making this season a potential jump of over 30%.

Harvesting is already underway, with Krasnodar leading the winter rapeseed campaign. The major producing regions in Siberia and the Urals will begin harvesting in August.

🌍 Growing crushing capacity and strong global demand for rapeseed oil continue to support the sector.

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EAEU–Mongolia Free Trade Agreement Enters into Force

As of July 22, 2026, the EAEU–Mongolia Free Trade Agreement has officially entered into force.

Import duties have been eliminated or reduced on 367 product categories, covering around 90% of bilateral trade.

Zero tariffs now apply to a wide range of chemical products, including:
• Fertilizers
• Polymers
• Paints & coatings
• Pharmaceuticals
• Cosmetics & perfumes
• Household chemicals

The agreement is expected to boost regional trade, diversify supply chains, and strengthen industrial cooperation between the EAEU and Mongolia.

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🇮🇩🇷🇺 Indonesia Turns to Russian Oil

Indonesia has begun purchasing Russian crude oil, with plans to import up to 150 million barrels, according to Energy and Mineral Resources Minister Bahlil Lahadalia.

The government says the priority is simple: energy security. As one of Asia’s largest oil importers, Indonesia needs stable and affordable supplies, regardless of the country of origin.

In addition to crude oil, Jakarta is also considering importing Russian LNG, signaling a broader expansion of energy cooperation between the two countries.

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Export & Import Fraud: A Costly Lesson

Trust is important, but verification is essential. Watch how a single mistake can turn an international trade deal into a costly loss.

Always verify your supplier or buyer before making international payments.

🇷🇺🫐 Russia Doubles Frozen Blueberry Exports in H1 2026

Russia exported around 1,600 tonnes of frozen blueberries in the first half of 2026 (excluding June data for EAEU countries), worth over $1.2 million.

Compared with the same period in 2025:
• 📈 Export volume doubled (+100%)
• 💰 Export value increased by 46%

The main export destinations are Europe, Belarus, and Kazakhstan, where demand for frozen berries remains strong.

Although exports are growing rapidly, they are still below the record set in 2021, when Russia exported approximately 2,200 tonnes of frozen blueberries during the first half of the year.

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🇯🇵🇷🇺 Japan Increased Imports from Russia by 10.9% in H1 2026

Japan imported $2.8 billion worth of goods from Russia during the first six months of 2026, marking a 10.9% year-on-year increase.

The growth was driven primarily by energy imports:

🔹 Crude oil: +245.5% (more than 3.5 times higher)
🔹 Coal: +15.8%
🔹 Iron and steel: +57.9%

Despite ongoing sanctions and geopolitical tensions, Japan continues to rely on Russian raw materials, particularly energy resources, highlighting the practical realities of global trade.

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🇷🇺⛽ Russia Boosts Gasoline Production with Imported Fuel Additives

Russian refineries are increasing imports of high-octane additives and aromatic compounds to expand gasoline production without costly refinery upgrades.

By raising the share of blending components from 35% to 42%, refiners can quickly increase fuel output and meet growing domestic demand.

This is one of the fastest and most cost-effective ways to boost gasoline production while maximizing existing refinery capacity.

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🇧🇷🍬 Brazil’s Sugar Industry Just Got Hit. Time to Find New Buyers.

The United States has imposed a 25% tariff on Brazilian sugar (effective July 22), putting additional pressure on the world’s largest sugar exporter.

Tariff breakdown:
• 25% – Section 301 tariff (effective July 22)
• +12.5% – Additional tariff under a separate U.S. investigation for products covered by both measures
• Total potential duty: up to 37.5%

For Brazilian producers and traders, relying on traditional markets is becoming increasingly risky. Millions of tonnes of sugar may now need to be redirected to Asia, the Middle East, Africa, and other emerging markets.

The companies that secure new buyers first will have the advantage.

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