Russia: The Federal Antimonopoly Service (FAS) has brought together local cement producers to develop exchange trading with cement. Attendees agreed that trading should not be limited to Moscow and St Petersburg and a proposal was made to organise exchange trading supplying goods for export. They agreed to submit proposals to FAS, which will also ask industry experts and buyers for their comments towards shaping exchange trading.
“Exchange trading is an opportunity for new players to enter the market”, said Deputy Head of the FAS Andrey Tsarikovskiy. He added that attracting new companies to the market would lead to increased competition in the sector.
