INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 29, 2025 No. 7190-U

About numerical value and method of calculation of indicator of the trading volume of commodity trade system

This Instruction based on part 1.1 of article 8 of the Federal Law of November 21, 2011 No. 325-FZ "About the organized biddings" establishes numerical value and method of calculation of indicator of the trading volume of commodity trade system.

1. The numerical measure value of the trading volume of commodity trade system constitutes 20 billion rubles till December 31, 2026 inclusive, since January 1, 2027 - 30 billion rubles, since January 1, 2028 - 40 billion rubles, since January 1, 2029 - 50 billion rubles.

2. The indicator of the trading volume of commodity trade system is calculated by formula:

where:

SWEAT - indicator of the trading volume of commodity trade system;

OT1 OT2, OT3, OT4 - the quarter size of the trading volume (in value term) commodity trade system for each of four consecutive quarters (the current quarter and three quarters preceding it) determined as of the last working day of every quarter as total price of the agreements signed within quarter in all trade sections.

3. Measure calculation of the trading volume of commodity trade system is perfromed in rubles.

If the price of the agreements signed by bidders at the organized biddings is expressed in foreign currency, measure calculation of the trading volume of commodity trade system under the specified agreements is perfromed in the ruble equivalent determined by the official rate of foreign currency in relation to the ruble established by the Bank of Russia according to Item 15 of article 4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" for date of the conclusion of such agreements and if the official rate of foreign currency in relation to ruble is not established by the Bank of Russia - at official US dollar exchange rate in relation to the ruble operating for date of determination of rate and rate of this foreign currency to US dollar for the date preceding date of determination of rate.

4. This Instruction becomes effective after 10 days after day of its official publication.

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