Anton Tsetsinovsky, Director for International Cooperation at REC: Russia is ready to develop commodity exchanges within BRICS

BRICS spans almost all continents, and each member country is capable of producing competitive goods. This was stated by Anton Tsetsinovsky, Director for International Cooperation and Development at the Russian Export Centre (REC), in an exclusive commentary at the TV BRICS studio in the Roscongress International Cooperation Area at St. Petersburg International Economic Forum ( SPIEF) 2025.

He emphasised that the foundation of sustainable cooperation within the group lies not only in product supply but also in the development of deeper cooperation, including transport and logistics connectivity, industrial collaboration, the transition to settlements in national currencies, and the insurance of mutual deliveries.

“The initiatives currently under discussion, such as the creation of commodity exchanges in key sectors like metallurgy and agricultural production, are forming a foundation for sustainable trade and industrial cooperation within BRICS,” said Tsetsinovsky.

According to him, Russia is ready to enter foreign markets not only with its products but also with technological solutions. One of the priorities is the localisation of Russian developments in partner countries, which will ensure a sustainable presence in those markets.

Tsetsinovsky noted that in today’s changing global economy, multifactor and multivector cooperation is essential.

Photo: TV BRICS