Among global problems discussed at the 12th St. Petersburg International Economic Forum, which was held on June 6-8, the transportation issue was brought up as the development of international trade requires active development of transport infrastructure. However in the present time Russian transport companies are not as competitive as their foreign rivals at the global market. Even the Ministry of Transport acknowledges this. Meanwhile, St. Petersburg enters international level in terms of oil sales. St. Petersburg is to launch trading at its raw materials and commodity exchange by the end of 2008