MOSCOW -- Russia plans to use its commodities exchange to boost exports of wood and steel scrap to meet growing Asian demand, as it tries to wield more influence over pricing in international commodity markets.
The country will create a system that allows foreign companies to use the Saint Petersburg International Mercantile Exchange, or SPIMEX, to buy the two commodities, as well as clear customs and ship them to home markets, SPIMEX CEO Aleksei Rybnikov told Nikkei.
