Russian experience of developing exchange trading was discussed at a meeting in Kazakhstan

“Exchange trading combined with a system of antimonopoly regulation must establish a basis for formation of market prices and conditions for efficient performance of a common market of oil and oil products”.

Said Deputy Head of FAS Anatoly Golomolzin at a meeting on regulating exchange commodity markets in the member-states of the Eurasian Economic Union (EAEU) on 22 June 2017 in Astana (the Republic of Kazakhstan).

He informed participants about the work of the Exchange Committee on Oil and Oil Products and in general the experience of the Russian Federation in developing ex change trading with oil and oil products.

Attendees included Head of regulatory bodies of EAEU member-states, the antimonopoly bodies of EAEU member-states, the largest Exchange Unions and Associations of businessmen, as well as the leading commodities exchanges in EAEU member-states – the Republic of Kazakhstan, the Republic of Belarus and the Russian Federation.

The meeting highlighted the results of implementing the exchange trading technology on the market in the Republic of Kazakhstan and cooperation between the antimonopoly and exchange committees under the frame of establishing EAEU common markets of energy resources.