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Yesterday chairman of the Federal Antimonopoly Service of Russia (FAS) Igor Artemiev proposed to force all oil companies to sell their export goods through national stock exchanges. Though that, it is expected to keep taxes in the country but not in possession of intermediaries. This will also lower prices for oil and related products (including prices on the internal market).

Apart from oil products, Igor Artemiev has similar plans for all basic export goods – metals, fertilizers, etc. Lowering of prices is one thing, but there will also be new opportunities for faster creation of an international financial center in Russia. The logic is simple: if goods are sold in Russia, they are sold for rubles.    

Source: “RIA Novosti”