Belarusian commodity exchange to boost ties with Russia’s Kaluga Oblast
10:09, 30 October
The Belarusian Universal Commodity Exchange (BUCE) is set to become one of the tools for advancing industrial cooperation between Belarus and Russia’s Kaluga Oblast, BelTA learned from the BUCE press service.
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Small and medium-sized businesses will be a priority. BUCE will provide them with digital infrastructure to organize sales abroad and will offer an additional channel for purchasing raw materials and supplies for production purposes. Belarusian Universal Commodity Exchange and the Kaluga Oblast Chamber of Commerce and Industry signed an agreement on the sidelines of the 13th Interregional Cooperation Forum Industrial Cooperation and Import Substitution in Kaluga on 29 October to develop cooperation on mutually beneficial terms. The event was organized by the regional chamber.
“As of 29 October, 43 companies and individual entrepreneurs from Kaluga Oblast are trading on the exchange. That is six more than at the beginning of 2026. The value of exchange transactions has almost doubled year-on-year. In particular, forestry products accounted for the bulk of Belarusian exports, while Kaluga manufacturers sold industrial equipment and textiles through the exchange,” Konstantin Chapkovsky, a leading specialist at BUCE’s Foreign Economic Relations Department said.
In his view, the full potential of the exchange mechanism can be unlocked by maximizing the diversity of goods traded between Belarusian and Kaluga-based businesses.
“I see the entry of Kaluga suppliers of industrial goods onto the exchange as a positive development. This is an extremely broad range of goods, and trading in these products takes into account the interests of both Belarus and Kaluga Oblast, optimizing supply chains and helping establish strong business ties between companies and entire industries,” Konstantin Chapkovsky said.
Russian residents currently account for 58% of the total value of foreign trade transactions on BUCE in the Industrial and Consumer Goods (ICG) platform. Alongside Russian participants, China, India, Türkiye, and Tajikistan rank among the five most active sellers and buyers of these goods on the exchange.
The Belarusian Universal Commodity Exchange was established in 2004; its first trading session was held in June 2005. The BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to help Belarusian enterprises export products and assist foreign companies in entering the Belarusian market. The exchange trades metals, timber, agricultural products, industrial, and consumer goods.
