Core Viewpoint - The Saint Petersburg International Commodity Exchange has signed a memorandum of understanding with Pakistan's KMAK Group to develop trading activities between Russia and Pakistan, focusing on agricultural products and energy [1] Group 1: Trade Developments - The initial trade will involve Russia exporting wheat and Pakistan importing rice, with potential for other products such as energy, agricultural goods, mineral fertilizers, timber, and primary metallurgy products to be included in cross-border transactions [1] - KMAK Group is currently undergoing the certification process for the trading platform [1] Group 2: Trade Infrastructure - Dmitry Chernyshev, Vice President of the Saint Petersburg International Commodity Exchange, stated that this initiative will help establish direct and transparent trade channels between the two countries [1] - Efforts are underway to develop trading schemes, create a database of suppliers and buyers, and work on mutual settlement and regulatory management [1]

Core Viewpoint - The St. Petersburg International Commodity Exchange has signed a memorandum of understanding with Pakistan's KMAK Group to promote exchange trading following a meeting of the Russia-Pakistan Trade and Investment Working Group [1] Group 1: Trade Developments - Wheat has been identified as one of the first export commodities for Russia, while rice is set to be one of the first import commodities for Pakistan [1] - Other potential commodities for cross-border trading between Russia and Pakistan include energy, other agricultural products, mineral fertilizers, forest products, and primary metallurgical products [1] Group 2: Certification Process - KMAK Group is currently undergoing the qualification certification process with the St. Petersburg Exchange [1] - Upon successful certification, KMAK Group will be granted the status of "non-resident broker," allowing it to represent the interests of Pakistani enterprises in pilot exchange trading [1]