Overview
- The Russian president delivered the remarks at a meeting of the SCO Council of Heads of Government in Moscow, according to RIA Novosti on Nov. 18.
- He said most of the turnover comes from trade with China, with exchanges with other SCO members also increasing.
- The $409 billion figure refers to Russia’s merchandise trade with SCO countries in 2024.
- In separate comments, Putin said Russia–Mongolia trade rose 7.9% in the first eight months of 2025.
- Mongolia’s prime minister visited the Kremlin for the SCO gathering, where Putin framed ties within the bloc as steadily strengthening.