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MINSK, 27 May (BelTA) - In January-April 2025, the total value of exchange transactions between Belarusian business entities and the Northwestern Federal District of Russia reached $71.5 million, marking a 34% increase year-on-year, BelTA learned from the press service of the Belarusian Universal Commodity Exchange (BUCE).
Companies from Leningrad Oblast, Kaliningrad Oblast and Novgorod Oblast were the most active participants, accounting for over 90% of the total exchange trade with this Russian district. This was discussed during negotiations between BUCE representatives and business circles from the Republic of Karelia, Russia held at the House of Moscow in Minsk on 27 May via videoconference.
The event aimed to boost cooperation with Karelia’s businesses in exchange trade, both in terms of exporting Belarusian goods and purchasing Karelian products. Currently, only eight companies from Karelia are represented on BUCE. This limits the potential of bilateral cooperation in the exchange sector.
“Given the significant role of metallurgy, woodworking, and mining in Karelia’s economy, exchange trade with the region is expected to prioritize these sectors. Discussions are underway regarding supplies to Belarus of construction stone, ferrous metal products, paper, and cardboard, all of which are in high demand on the Belarusian market. In turn, Belarusian exchange trade participants are ready to export a wide range of industrial and consumer goods to Karelia, including import substitution products,” the press service noted.
Following a presentation on the capabilities of BUCE, Karelian manufacturers of shungite and fruit and vegetable semi-finished products expressed interest in using the Belarusian exchange platform. Applications for the sale of these products are expected to be placed in the industrial and consumer goods section of BUCE.
In 2025, BUCE accredited 39 new companies from Russia’s Northwestern Federal District. As of 27 May, 682 participants from this part of Russia are engaged in exchange trade on BUCE.
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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