Urals Futures Contract Ready for LiftOff, - Spimex President

The St. Petersburg International Mercantile Exchange (Spimex), Russia's largest commodities exchange, is gearing up to launch a Urals futures contract at the end of November, which is seen as another step towards the government's longstanding goal of establishing the Russian crude oil export grade as an international benchmark. In a comprehensive interview with Nefte Compass, Spimex President Alexei Rybnikov explains how the exchange put together the details of the contract and talks about the painstaking process of preparing the market for its introduction.

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