The Ministry of Industry and Trade and the Ministry of Agriculture joined the work of the Exchange Committee

05-09-2017 | 06:45

An additional agreement is signed for the Ministry of Industry and Trade and the Ministry of Agriculture joining the Agreement on Cooperation between FAS, the Bank of Russia and the Federal Tax Service to work on the Exchange Committee.

To execute the decision made by the Commission at the President of the Russian Federation of the Fuel-and-Energy Complex, for several years FAS has been undertaking measures to develop and improve mechanisms of on-exchange trading with oil, oil products, natural gas, petrochemicals, agrochemicals, ferrous and non-ferrous metals, construction materials (cement market) and introduction of the institution of registering off-exchange contracts with exchange goods. One of the measures to execute the instructions of the RF President is the Exchange Committee that is formed and has been operating successfully since the beginning of 2015. It is a platform for discussions and implementing measures designed to develop on-exchange trade.

To further develop on-exchange trade with physical commodity, Additional Agreement No. 1 to Agreement on Cooperation of 10 December 2015 No. BR-D-55/786/09-66/ММV-23-13/83 was signed, adding the Ministry of Industry and Trade and the Ministry of Agriculture to the Exchange Committee.

Head of FAS Department for Regulating Fuel-and-Energy Complex, Dmitry Makhonin emphasized: “Further development of on-exchange trading involving the ministries created market indicator, which, in their turn, would help develop financial tools and increase capitalization of Russian companies”. He pointed out that FAS continues efforts to draft an Additional Agreement to put the Ministry of Economic Development on the Exchange Committee.



Site Map

News & Events Press Releases Media Releases Image Library About the FAS Russia What We Do General Information Mission, Goals, Values Priority Setting Institutional Memory Stakeholders Engagement Center for Education and Methodics Our History Our Structure Powers of Head and Deputy Heads Our Ratings GCR Using our website International Cooperation Treaties & Agreements International Working Groups Working Group on Research of Competition Issues in the Market of International Telecommunications (Roaming) Meetings Working Group for Studying Competition Problems in the Pharmaceutical Sector Concept Note Meetings OECD Competition Committee OECD meetings 2013 OECD meetings 2014 OECD meetings 2015 OECD meetings 2016 OECD meetings 2017 OECD meetings 2018 FAS Annual Reports OECD-GVH RCC RCC Newsletter ICAP Council on Advertising Headquarters for Joint Investigations UNCTAD 13th session IGE UNCTAD Resolution Russian contributions 14th session IGE UNCTAD Resolution Russian contributions 15th session IGE UNCTAD 16th session IGE UNCTAD 17th session IGE UNCTAD EEU Model Law on Competition ICN BRICS WG (Markets of Social Importance) EU APEC Competition Policy and Law Group Annual meetings Projects ERRA Full Members Organizational Structure Archive Working Group on Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning Meetings Document Library Legislation Reports & Analytics Cases & decisions Contacts Give feedback Contact us Links Authorities Worldwide