Belarus, Russia’s Vologda Oblast aim for $1bn in trade by 2030ё

Georgy Filimonov noted that Belarus currently ranks first in the foreign trade turnover of Vologda Oblast, accounting for about 20% of its total. However, he believes that even these figures are far from the limit, and the potential for cooperation between the two sides is much greater. Therefore, both sides are discussing various projects and initiatives to boost trade, economy, investment, tourism and humanitarian cooperation. According to him, there are plans to expand the range of mutual supplies to achieve the goal of increasing trade to $1 billion by 2030.

In January–June 2025, the trade between Belarus and Vologda Oblast amounted to $316.4 million, 100.9% as against the same period last year. Overall, the indicator has been growing for the last few years: while in 2020 trade stood at $335 million, in 2024 the figure reached $678.1 million.

Belarus’ main exports include liquid crystal devices, lasers, tractors and truck tractors, parts and accessories for vehicles and tractors, nitrogen fertilizers, and other goods. Belarus has primarily imported Vologda Oblast’s flat-rolled products from various types of steel, wire, copper and copper alloys, ferrous metal waste and scrap, and other types of products.