MINSK, 18 September (BelTA) – Belarus and Russia’s Vladimir Oblast will work out new avenues of exchange trade cooperation, BelTA learned from the press service of the Belarusian Universal Commodity Exchange (BUCE) following a meeting between BUCE representatives and business circles of Russia’s Vladimir Oblast.
The discussions focused on developing electronic exchange trading of non-commodity goods with high added value, import substitution, and mutual participation in corporate procurement. The meeting took place at the Minsk Office of the Belarusian Chamber of Commerce and Industry and aimed at strengthening trade ties and industrial cooperation between SMEs of Belarus and Russia’s Vladimir Oblast.
According to BUCE, this year the trading volume generated by Vladimir Oblast’s participants on BUCE has seen a substantial growth, rising from $117,000 in January-August 2024 to $2.3 million in the same period of 2025. This increase was driven by a wider range of traded goods, following the launch of supplies of Belarusian dry milk and butter to Vladimir Oblast and the entry of ferrous metal products from Vladimir Oblast’s steel plants into the Belarusian market.
To further boost the volume and number of exchange transactions, Belarus’ and Vladimir Oblast’ companies plan to use BUCE platform more actively for procuring equipment, motor vehicles, special-purpose machinery, electrical appliances, and industrial tools. The BUCE press service stressed that this will enable the two parties to realize their export potential and promptly meet the need for import-substitution products.
At present, BUCE has 37 accredited business entities of Vladimir Oblast, with four of them participating since 2025.
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