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Economy
25 August 2025, 19:43

Russia expands presence on Belarus’ commodity exchange 

BUCE photo
BUCE photo
MINSK, 25 August (BelTA) – In January-July 2025, the value of trade conducted by Russian participants on the Belarusian Universal Commodity Exchange (BUCE) rose by 26% year-on-year, Deputy Head of Foreign Economic Relations at BUCE German Puzyrny said during talks with representative of industrial enterprises from Russia’s Vologda Oblast, BelTA learned from the BUCE press service.

Since the start of the year, BUCE has accredited 442 Russian companies. Currently, the Russian Federation is represented on BUCE by 4,700 companies from 79 regions. In January-July 2025, companies from 60 Russian federal subjects concluded exchange transactions, which was 12 more than in the same period of 2024.

Given the composition of the visiting delegation, the discussions focused on the specifics of operating on BUCE’s industrial and consumer goods platforms. According to German Puzyrny, Russian business circles are showing steadily growing interest in the online platform, ensuring a consistent increase in transaction volumes.

“In January-July 2025, the amount of transactions by Russian companies on the BUCE’s industrial and consumer goods platform increased by 42%. More than 70% of all contracts involved imports from Russia, showing the strong demand for Russian products among Belarusian consumers and the growing use of the exchange mechanism by Russian manufacturers as an alternative to traditional sales channels. In this regard, we expect enterprises from Vologda Oblast to make greater use of this tool for participating in procurement in Belarus and third countries,” he said.

Following the talks, manufacturers of technological and electrical engineering equipment from Vologda Oblast expressed their readiness to submit bids for the sale of their core product range on the BUCE platform. In addition, plans are in place to explore the use of transit transactions to organize deliveries of Vologda‑made goods to other regions of Russia and to distant countries.

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.
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