Ruble-Denominated Oil Exchanges Could Launch in 2007 – Expert

MOSCOW, May 11 (RIA Novosti) – Oil and petrochemical exchanges denominated in rubles could be launched in Russia as early as next year, the head of the presidential administration’s expert department said Thursday.

In his annual state of the nation address to parliament Wednesday, President Vladimir Putin said that a ruble-denominated oil and natural gas stock exchange should be set up in the country.

“Next year, all [the exchanges] could start operating,” Arkady Dvorkovich said Thursday.
RIA Novosti