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11 October 2022, 18:29

Russian companies increase their presence on Belarusian commodity exchange

MINSK, 11 October (BelTA) - Russian companies almost doubled the volume of transactions at the Belarusian Universal Commodity Exchange (BUCE), BelTA learned from the BUCE press service.

In January-September 2022, the amount of transactions made by residents of the Russian Federation at the Belarusian Universal Commodity Exchange amounted to $155 million, which was 1.8 times than in the same period a year prior and 11% more than in the entire year of 2021. Most popular commodities were products made of ferrous and non-ferrous metals, electrical products, coal, products of the agricultural industry and industrial goods.

"Ferrous and non-ferrous metallurgy products, cable and wire products and coal accounted for about 64% of the total amount of exchange transactions made by Russian companies. Russians supplied mainly rolled sheet and pipe rolling to Belarus while Belarus exported scrap and waste of ferrous and non-ferrous metals to Russia. Purchases of malting barley, rapeseed and sunflower meal prevailed in the agricultural segment which provided 23% of the total amount of transactions with the participation of residents of the Russian Federation. The most popular Belarusian goods of the agricultural group were meat and dairy products, wet-blue leather and feed additives produced by Belarusian National Biotechnology Corporation (BNBC). The industrial goods segment recorded the largest number of transit transactions when both the seller and the buyer are Russian companies. In January-September, their amount exceeded $8 million. The most popular goods were fabrics, technological equipment, furniture and lighting devices," the BUCE press service informed.

In addition, according to BUCE, Russia retained its leadership among other countries in terms of the number of companies accredited at the Belarusian commodity exchange. As of 1 October 2022, out of 5,893 foreign participants in exchange trading 2,977 were residents of the Russian Federation.

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