An archive photo
MINSK, 28 February (BelTA) – Belarusian Universal Commodity Exchange (BUCE) and the Chamber of Commerce and Industry of Ryazan Oblast, Russia plan to establish systematic, coordinated work in 2026 to develop exchange trade between Belarus and this region, BelTA learned from the BUCE press service.
The cooperation will be comprehensive, covering a wide range of areas: from information exchange and joint business events to identifying promising commodity positions and advising Ryazan Oblast businesses on participating in exchange trading. This cooperation format was defined following talks between Yaroslav Kovalchuk, Head of BUCE’s Foreign Economic Activity Department, and Lyudmila Kozlova, President of the Ryazan Oblast Chamber of Commerce and Industry. The meeting took place during a BUCE delegation’s visit to Ryazan and became a logical continuation of the cooperation agreement signed by the parties in September last year. The document, signed at the INNOPROM. Belarus exhibition, enabled the two organizations to join efforts in facilitating access for Ryazan Oblast enterprises to the Belarusian market and increasing supplies of their products through the exchange mechanism.
The BUCE delegation also met with Andrei Vorfolomeyev, Ryazan Oblast Economic Development Minister. The parties discussed practical steps to increase export-import operations via the Belarusian exchange platform and outlined specific measures needed to involve Ryazan producers in exchange trading.
A visit to the Russkaya Kozha plant and talks with its management clearly demonstrated the interest of major Ryazan businesses in using the exchange platform. The meeting examined opportunities to increase purchases of Belarusian leather raw materials and semi-finished products, as well as prospects for using exchange trading to promote and sell finished goods.
Currently, 40 business entities from Ryazan Oblast are accredited on BUCE. Their exchange transactions are dominated by imports from Belarus. The largest volumes involve sheet glass, non-ferrous metal scrap, meat by-products, and wet-blue leather.
Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.
BUCE photo
Follow us on:
