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Russia can lead commodities trading reform

Posted on 10 September 2010

From Themoscowtimes.com: President Dmitry Medvedev condemned “speculators” last week for jacking up food prices and making unjustified profits. Knowing that higher prices will fuel food costs for the next year, the Kremlin is clearly worried about popular discontent ahead of 2011 parliamentary elections and the 2012 presidential vote.
But instead of indulging in opportunist populism, the Russian leadership has a unique opportunity to initiate a wholesale transformation of commodities trading at home and abroad. As one of the world’s leading commodity producers and exporters, Russia has a particular responsibility and the necessary power to instigate real reform……………………………………….Full Article: Source


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