ICR initiates case against largest trader of oil products Solid

ICR initiates case against largest trader of oil products Solid

As part of the investigation, the building of the St. Petersburg Commodity Exchange was raided.

The ICR explained the searches in the building of the St. Petersburg Commodity Exchange by the investigative measures in the case against the largest trader of oil products Solid – Tovarniye Rynky (Solid – Commodity Markets), which was suspected of market manipulation, Kommersant reports. The investigation began on the initiative of the Federal Antimonopoly Service, which previously accused the trader in cartel collusion with the controlled entity A-Oil.

Earlier, claims to Solid were voiced by the head of Rosneft, Igor Sechin. In November 2018, Rosneft ceased trading petroleum products on the exchange in protest against the “second-hand dealers,” i.e. Solid and its affiliated entities.

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