National index system includes as many as 100 indices
The interagency working group has approved six commodity index calculation methods that provide for the creation of nearly 100 positions. They are now all available on the Bank of Russia website.
Market participants can use the indices when concluding transactions, to assess the situation in certain segments of the commodity market and ensure compliance with regulatory requirements.
Today, the national index system comprises nine commodities, including refined gold, wheat, sugar and sunflower oil. Besides, it was expanded to encompass national and regional indices of petroleum products, including petrol, diesel fuel, jet kerosene, fuel oil and liquefied petroleum gases.
Jointly with competent agencies, the Bank of Russia takes part in the development of the national system of financial and commodity indices and monitors the quality of the work of their administrators.