Published on: 2026-07-16
Source: Central Bank of Russia – Central Bank of Russia –
An important disclaimer is at the bottom of this article.
The Bank of Russia established facts of market manipulation by participants of the trading organizer JSC “EXCHANGE “STS” (hereinafter – the exchange) during auctions for construction materials.
In May 2025, two auctions for lowering the price of rebar were held on the exchange, resulting in transactions (sales contracts) for construction materials between LLC “ISK “StroyInzhiniring” (TIN 1658153135) and LLC “RSK” (TIN 1619006610) for a total amount of more than 1.6 million rubles.
The trading behavior of legal entities when concluding transactions was coordinated, which led to a significant deviation in the volume of trading in construction materials from the level that would have been formed without such transactions.
These actions constitute market manipulation in accordance with paragraph 2 of part 1 of article 5 of the Federal Law dated 27.07.2010 No. 224-FZ “On counteracting the unlawful use of insider information and market manipulation and on amendments to certain legislative acts of the Russian Federation.”
Organizations have been held administratively liable for market manipulation and have been issued directives to prevent similar violations in the future.
The Bank of Russia draws the attention of market participants to the inadmissibility of concluding transactions based on a preliminary agreement in the commodity market, which provides for an anonymous trading mode, and warns about the responsibility for engaging in dishonest practices in organized trading.
When using the material, a reference to the Press Service of the Bank of Russia is mandatory.
07/16/2026 15:00:00
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