Russian Oil Bourse to Debut in ‘06, Official Says

The Moscow Times – A senior economic official said Monday that Russia would have a domestic petroleum exchange — an idea backed by President Vladimir Putin last week — up and running by year’s end, but experts doubted whether oil would trade internationally in rubles anytime soon.

Deputy Economic Development and Trade Minister Kirill Androsov, who is also a Rosneft board director, said a domestic exchange for oil products would begin trading by the end of 2006 and an international exchange that would sell crude oil sometime in 2007, RIA-Novosti reported.

The Moscow Times