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Mar 22, 2016

Russian Railways and Consortium of Electronic Platforms ETS-Fabrikant expand cooperation on electronic trading

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Russian Railways and the Consortium of Electronic Platforms ETS-Fabrikant, Fabrikant LLC and JSC ETS have entered into an agreement on cooperation on electronic trading. The document was signed in order to expand opportunities in e-procurement and to enhance competition.

The cooperation will take procurement procedures at Russian Railways to a new level, increase openness and the accessibility of e-procurement to market players and expand the range of potential participants, as well as help to ensure an increase in the share of procurement from small and medium-sized businesses.

In order to promote competition and ensure the transparency and accessibility of electronic trading at Russian Railways, the Company is working to organise cooperation on information with the major electronic trading platforms.

At the moment, cooperation has been arranged with the trading platforms CJSC Sberbank-AST, JSC OTS and LLC ETP GPB.

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