MINSK, 15 December (BelTA) – Plans are in place to increase by several times the volume of exchange trade between Belarus and the Republic of Tatarstan, Russian Federation and ensure balanced import and export indicators in the structure of trade turnover by intensifying mutual supplies of industrial goods, including within the framework of import substitution. An agreement on cooperation in this field between the Belarusian Universal Commodity Exchange and Tatarstan’s industrial cluster was reached following an online seminar on the application of the exchange mechanism in trade between Belarus and Russia, the BUCE press service told BelTA.
The event was organized by the Business Association of Russian Clusters with assistance of the Belarusian Universal Commodity Exchange and the Trade and Economic Representative Office of Tatarstan in Belarus. The head of the representative office Ilkham Kashapov noted that the parties are faced with the task of achieving a trade turnover of $1 billion in the near future and doubling this figure in the long term. This is why it is necessary to use all available opportunities to strengthen business contacts between Belarusian enterprises and Tatarstan ones and the commodity exchange can play a key role in this regard.
“The effectiveness of exchange trading as a link between producers and consumers is evidenced by thousands of purchase and sale transactions concluded annually by companies from Belarus and Russia, including Tatarstan. Therefore, we always recommend using the exchange platform as one of the most reliable options for working on the Belarusian market,” Ilkham Kashapov emphasized.
According to the Belarusian Universal Commodity Exchange, Tatarstan companies currently participate in exchange trading mainly as buyers. In particular, Tatarstan ranks fourth among all regions of the Russian Federation in terms of import of Belarusian dairy products this year.
“The most popular items among Tatarstan importers are milk powder, butter, and rennet cheese. They account for almost half of all the dairy product deliveries to Tatarstan through the commodity exchange. In addition to the aforementioned dairy products, Tatarstan trade participants also purchase dry cream and whey, cottage cheese, buttermilk, and ice cream on the exchange platform,” said German Puzyrny, Deputy Head of the Foreign Economic Relations Office at the Belarusian Universal Commodity Exchange.
In turn, Sergei Mayorov, advisor to the minister of industry and trade of Tatarstan, Chairman of the Board of the Tatarstan industrial cluster, and Chairman of the Board of the Business Association of Russian Clusters, drew attention to the significant unrealized potential of exchange trading in petrochemical goods and industrial goods. In 2025 Tatarstan manufacturers already sold polyethylene film and spare parts for spinning machines through the BUCE, but the volume of transactions amounted to less than $1 million. In light of that the industrial cluster of Tatarstan and the Business Association of Russian Clusters will assist with attracting manufacturers of industrial equipment, polymer products, and other products in demand in Belarus to the BUCE. To this end, a visit by a delegation of Tatarstan business circles to the Belarusian Universal Commodity Exchange will be organized in Q1 2026 for the sake of getting familiar with the operation the commodity exchange and obtaining accreditation for participation in trading by the relevant groups.
The public joint-stock company (OAO) Belarusian Universal Commodity Exchange was established in 2004, with its first trading session conducted in June 2005. BUCE is one of the largest mercantile exchanges in Eastern Europe. Its key function is to assist Belarusian companies with exporting their products and assist foreign companies with entering the Belarusian market. The commodity exchange facilitates trade in metals, timber, agricultural products, and a broad choice of industrial and consumer goods.
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