Non-oil trade hits $20.4 billion as UAE and Russia launch new service sector rules

The Trade in Services and Investment Agreement (TISIA) between the United Arab Emirates and the Russian Federation officially entered into force on Sunday, 23 August, following its formal signing in Moscow last year. The agreement establishes a bilateral framework to facilitate market access for services exports and enhance investor protections. It complements the existing Economic Partnership Agreement between the UAE and the Eurasian Economic Union (EAEU), which primarily governs the regional trade of goods. Combined, these treaties now form a comprehensive regulatory architecture for all trade and investment activities between the two nations. Non-oil trade reaches $20.4 billion Data released alongside the activation shows bilateral non-oil trade between the UAE and Russia reached $20.4 billion in 2025. This figure represents a 77.7% increase compared to 2024 and nearly double the $10.8 billion recorded in 2022. The new framework targets further growth in high-priority sectors, including fintech, healthcare, transport, logistics, and professional services. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, stated that the TISIA will unlock opportunities by reducing barriers to market entry and facilitating the movement of professionals. The minister noted that the agreement creates a predictable environment for businesses operating across both markets. Focus on service sector integration The TISIA was originally signed on 8 August 2025 during a visit by…