“Putin’s” proposal to establish a grain exchange under the supervision of “BRICS”

reportedMehr News Agency According to Anatolia News Agency, Russian President Vladimir Putin proposed the establishment of a grain exchange in Kazan, the capital of the Republic of Tatarstan. that this plan can become a full-fledged commodity exchange in the future.

The President of Russia, pointing out that the countries of the BRICS group have a large share in grain production in the world, announced: the creation of a grain exchange under the supervision of BRICS will help in fair and predictable pricing of raw materials. will do.

Vladimir Putin stated that the markets will also be protected from “negative foreign factors” with this exchange, saying: “Over time, we can turn the grain exchange into a full-fledged commodity exchange.” It would also be appropriate to create a separate BRICS platform for precious metals and diamonds.