Govt orders chemical, petrochemical sectors to use exchange prices

MOSCOW, Dec 28 (PRIME) -- The government has approved a roadmap of exchange trade development, stipulating a commodity exchange pricing mechanism for more industries, including chemical and petrochemical sectors, the Federal Antimonopoly Service said on Wednesday.

"It will create an exchange pricing system at the national level, will create local indicators and cut dependence on foreign suppliers of pricing information," the statement read.

The measure will also allow investors to plan their strategies and hedge risks more effectively.

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