Compliance with current legislation, Exchange trading Rules, requirements of regulatory documents are the main principles of Ukrainian Energy Exchange. Therefore, Exchange conducts continuous monitoring of compliance of its obligations under concluded Agreements by its participants according to the Rules and Regulations.
By decision of October 23 of this year, Exchange Committee confirmed to apply sanctions at 10 participants, who participated in trades at “Untreated timber and lumber” section, in particular due to violation of obligations on purchase and sale agreement implementation by the results of Exchange trades, which held on May 28, June 2,3,10 and August 11 and 17, 2025.
Financial sanctions in the form of a fine were applied to the participants violators. Also, administrative sanctions were applied to eight participants in the form of suspension of admission to exchange trading (auctions), which will be initiated by the participant-seller, whose obligations were violated - the Podilskyi Forest Office Branch of the State Enterprise "Forests of Ukraine" for periods of 1, 2, 3 months, the Carpathian Forest Office Branch of the State Enterprise "Forests of Ukraine" for periods of 1 and 2 months.
Exchange Committee stresses, that application of sanctions is a compulsory measure to ensure openness, transparency and competitiveness of trades. In order to prevent such events in the future, all the participants must strictly adhere to their obligations under concluded Agreements.