Founded in 2008, the Saint-Petersburg International Mercantile Exchange (SPIMEX) was established to create an organized and transparent commodity market in the Russian Federation. It operates as the leading platform for exchange-traded commodities in the country, with key markets including oil and petroleum products, natural gas, timber, and agricultural goods. SPIMEX aims to form fair market prices for major Russian commodities, serving as a vital piece of infrastructure for the country's energy and raw materials sectors.