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Russia wants to influence oil prices
On February 20, the Russian Commodities Exchange (RTS) launched trading in petrochemical futures. This is an important step in the development of oil and petrochemical exchange trading in the country. Yet it is still a long way until domestic exchanges start setting prices on Russian oil.
Until recently, Russia did not have an oil and petrochemical exchange, although the need for one was obvious. Russia currently produces over one fourth of the world's commodities traded on exchanges, but......
