The Cabinet of Ministers obliged producers to sell oil, condensate and LPG on the exchange

By Resolution No. 834 of July 26, 2022, the Cabinet of Ministers of Ukraine (Cabinet) made changes to the appendix to Cabinet Resolution No. 1433 of December 30, 2021 "On approval of the list of types of products traded exclusively on organized commodity markets."

Thus, oil, gas condensate, and liquefied petroleum gas (LPG) were added to the goods that must be traded on organized commodity markets.

One may remind that currently three exchanges in Ukraine are licensed by the National Securities and Stock Market Commission as commodity exchanges. These are Ukrainian Energy Exchange (UEEX), Ukrainian Universal Exchange (UUE) and Ukrainian Interbank Currency Exchange (UICE).

In mid-May, the NSSMC suspended the UICE license until the end of martial law, but the exchange, through the Sixth Administrative Court of Appeal, reached a decision on July 14 to suspend the regulator's decision.

At the same time, the growth of oil, condensate and LPG trading activity on these exchanges has not yet been observed.