https://en.sputniknews.africa/20240523/central-bank-of-russia-working-on-creation-of-grain-exchange-within-brics-countries-1066697011.html
Central Bank of Russia Working on Creation of Grain Exchange within BRICS Countries
Central Bank of Russia Working on Creation of Grain Exchange within BRICS Countries
Sputnik Africa
The idea of creating a grain exchange within the BRICS group without using the US dollar was proposed in March by the head of the Russian Union of Grain... 23.05.2024, Sputnik Africa
2024-05-23T15:02+0200
2024-05-23T15:02+0200
2024-05-24T12:14+0200
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The Bank of Russia is considering the creation of a grain exchange within the BRICS countries, said Mikhail Arakelyan, an official at the Bank of Russia's Directorate for Financial Market Infrastructure.In early March, the Chairman of the Board of the Union of Grain Exporters, Eduard Zernin, at a meeting with Russian President Vladimir Putin, proposed the creation of a grain exchange within the BRICS member countries.At the meeting, President Putin praised the initiative to create a grain exchange within the BRICS framework. According to Putin, many BRICS member countries will be interested in the idea of creating a grain exchange, as many of them produce and buy grain.Proposals on the creation of the BRICS agricultural trade exchange are expected to be submitted to the Russian leader by July 1.
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vladimir putin, russia, brics, grain, brics plus, commodities exchange, export, trade, trade unions, international
vladimir putin, russia, brics, grain, brics plus, commodities exchange, export, trade, trade unions, international
Central Bank of Russia Working on Creation of Grain Exchange within BRICS Countries
15:02 23.05.2024 (Updated: 12:14 24.05.2024) Muhammad Nooh Osman
Writer/Editor
The idea of creating a grain exchange within the BRICS group without using the US dollar was proposed in March by the head of the Russian Union of Grain Exporters during a meeting with President Vladimir Putin. The Russian leader praised the idea and said he was sure the BRICS partners would support the initiative.
The Bank of Russia is considering the creation of a
grain exchange within the BRICS countries, said Mikhail Arakelyan, an official at the Bank of Russia's Directorate for Financial Market Infrastructure.
"There was an initiative to create a trading platform within the BRICS countries. We are working on it now, consulting with the exchange, consulting with participants," Arakelyan said at the exhibition forum "Russia."
In early March, the Chairman of the Board of the Union of Grain Exporters, Eduard Zernin, at a meeting with Russian President Vladimir Putin, proposed the creation of a grain exchange within the BRICS member countries.
At the meeting, President Putin praised the initiative to create a
grain exchange within the BRICS framework. According to Putin, many BRICS member countries will be interested in the idea of creating a grain exchange, as many of them produce and buy grain.
Proposals on the creation of the BRICS agricultural trade exchange are expected to be
submitted to the Russian leader by July 1.
