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Russia-Belarus trade turnover rises from $35 bln to nearly $51 bln over five years

Russian Deputy Prime Minister Alexey Overchuk emphasized that these ties have become particularly close and trusting under the current circumstances

ST. PETERSBURG, June 19. /TASS/. Trade turnover between Russia and Belarus has grown from $35 bln to nearly $51 bln over the past five years, with Moscow remaining Minsk’s primary trading partner, Russian Deputy Prime Minister Alexey Overchuk said during a roundtable discussion at the St. Petersburg International Economic Forum (SPIEF).

"Our countries are showing strong growth in mutual trade. Over the past five years, we have increased our trade turnover from $35 bln to nearly $51 bln. According to our data, in the first quarter of 2025 we also recorded a 3% increase compared to the previous year. For Belarus, Russia is the main trading partner, and this relationship is a special one," he said.

The Russian Deputy Prime Minister emphasized that these ties have become particularly close and trusting under the current circumstances.

About the forum

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." Thematic zones such as the ‘Territory of Innovations’ and the national brand space ‘Buy Russian!’ will operate at the Forum.

The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. As part of the cultural program, the Petersburg Seasons festival will be held, and the SPIEF Sports Games will take place.

The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

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