The complete guide
The UAE and Russia make a significant step to boost bilateral economic ties and significantly expand foreign direct investment (FDI) inflows between the two countries by signing a Trade in Services and Investment Agreement (TISIA). The agreement was signed by UAE Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, and Russian Minister of Economic Development, Maxim Reshetnikov.
The hallmark signing of the UAE Russia trade agreement even occurred in Moscow amidst the President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan’s visit to Russia, where he met with Russian President Vladimir Putin to engage in discussion over ways of deepening UAE Russia economic cooperation across areas of mutual interest, such as investment and trade between the nations.
UAE-Russian Trade Expected to Surge Significantly
The new TISIA provides a detailed bilateral blueprint with Russia, aimed at boosting high-growth service sectors that include fintech, healthcare, logistics, professional services, and transport. This marks a much more weighted agreement as compared to the UAE’s existing Economic Partnership Agreement (EPA) with the Eurasian Economic Union (EAEU) that focuses on trade in goods alone.
To highlight, the UAE Minister of Foreign Trade, Al Zeyoudi, says this new UAE Russia trade deal, paired with the recently signed EPA mentioned above, marks a substantial strengthening of the UAE's foreign trade network. Certainly, the UAE continues to be a leader in the region, with its strategic location being leveraged to build beneficial relationships for all associated parties.
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For instance, this latest agreement with Russia is set to boost related industries for both countries, as with its previous endeavors. To highlight, UAE Russia non-oil trade reached $11.5 billion in 2024, up 4.9% from 2023. Adding on, the same surged 75.3% year-on-year in H1 2025, underscoring the rapid growth in bilateral commerce.