Egypt and Russia Prepare to Establish New Exchange for First Time

Source: RT Arabic | Original Published At: 2026-02-07 09:34:13 UTC

Key Points

• Egypt and Russia's commodity exchanges signed an MoU to establish a new grain exchange within BRICS framework
• Cooperation includes plans to simplify trading procedures and enable mutual access for brokers/companies
• Russian President Putin confirmed BRICS countries' capacity to create such an exchange, potentially expanding to other commodities
• BRICS leaders have approved the plan, including participation from Brazil, Russia, India, China, South Africa, and new members