MINSK, 4 March (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) aims to accredit a broker in Smolensk Oblast of Russia in order to expand the pool of exchange participants and increase the volume of transactions with this Russian region, BUCE’s press service told BelTA.
BUCE’s new partner will be a Smolensk-based company specializing in wholesale trade of agricultural machinery and equipment. The future broker informed BUCE representatives of its decision to obtain professional participant status immediately after a seminar on exchange trading held in Smolensk with the support of the regional government. The event brought together executives and foreign-trade specialists from 17 manufacturing and trading enterprises of Smolensk Oblast.
The seminar included a presentation of the Belarusian exchange platform and its main instruments, as well as practical examples demonstrating how the exchange mechanism can be used in export and import operations between Belarusian and Smolensk businesses. Participants also discussed the role of the exchange in eliminating unjustified intermediaries, promoting import substitution, and forming representative price indicators for both commodity and non-commodity goods.
In January-February 2026, Smolensk Oblast ranked second among all Russian regions in terms of the total value of transactions concluded on BUCE. During this period, the exchange trade of Smolensk participants reached $37.5 million, which was 1.8 times more than in January-February 2025. Belarusian exports accounted for 93% of all exchange trade with Smolensk Oblast. The most popular product categories among Smolensk importers included butter, skimmed milk powder, beef, sawn timber, and flax fiber.
As of 4 March 2026, BUCE accredited 642 business entities from Smolensk Oblast. In 2026, seven new representatives of the region’s business community began using the exchange trading platform.
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.
Follow us on:
