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MIL OSI Translation. Region: Russian Federation –

09/29/2021

Having reached $ 375 million, the exchange turnover in the Union State has grown by one and a half times over the eight months of this year, said Alexander Osmolovsky, head of the Belarusian Universal Commodity Exchange. Speaking on Wednesday at a panel discussion dedicated to new horizons of industrial cooperation, he emphasized that Russia is the leader in terms of the volume of this type of trade with Belarus, ahead of all partners from 68 countries represented on the Belarusian platform.

Assessing the transactions that took place this year, the head of BUCE noted that “ferrous and non-ferrous metals, coal, coke and cable and wire products prevailed in their structure, while Belarusian construction materials, dairy products, rapeseed oil and leather were exported.” wet blue “.

In addition, Osmolovsky stressed, Russia also ranks first in the number of accredited non-resident companies. Now more than 2.6 thousand Russian participants work in Sineokoy, that is, more than half of all foreign clients of the exchange. “This clearly demonstrates the level of our cooperation,” he stated.

The head of the exchange paid special attention to such a promising area as transit transactions. He is confident that the use of the Belarusian platform as a springboard for entering the markets of third countries will further increase the popularity of exchange trading among representatives of Russian business.

During the discussion, Osmolovsky also announced the amount of transit transactions that were made by bidders from the Russian Federation this year, specifying that it had already amounted to $ 5.5 million. At the same time, the most demanded by Russian companies was the platform for industrial and consumer goods, operating on the principle of an electronic marketplace for the B2B segment. With its help, exporters successfully sell their products to Poland and the Baltic countries, “said the head of BUCE, which is considered one of the largest commodity exchanges in Eastern Europe.

A source: Russian newspaper

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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