According to CEO Alexey Rybnikov, the EU embargo on Russian oil product shipments has an indirect impact on the exchange s operations and the domestic Russian market in general
“The processes of de-globalization and regionalization continue to have a tangible influence on the development of exchange commodity markets worldwide, including contributing to the widening ‘information gap' between the Western and CIS countries,” said Aleksandr Osmolovsky.
<p><span>Europex and its members are deeply concerned and saddened by the situation in Ukraine and strongly condemn the Russian-led invasion and ongoing aggression. In response to the Russian government’s actions against Ukraine, the General Assembly of Europex has decided to exclude the Saint Petersburg International Mercantile Exchange (SPIMEX) from the Association, effectively terminating their associate membership as of today.</span></p>
The parties discussed the current situation and key trends in the commodity exchange markets of Belarus and Russia, the main achievements of BUCE and SPIMEX in 2021 and prospects for the intensification of inter-exchange cooperation in 2022.