Mr. Grigor Vardikian, Chairman of the IEU and Chairman of YCRE Exchange Committee, passed away on Monday, May 15th, at the age of 69 after a long battle with a serious illness.

“It is with great sorrow that we hear the passing of our dear friend and esteemed CEO,” President and CEO at Central Securities Depository of Iran (CSDI), Dr. Mohammad Reza Mohseni said.


“Mr. Grigor Vardikian was, and always will be, the symbol of core values of the IEU community and dedication. We extend our deepest sympathies to his family,” CSDI Chief added.


Interexchange Electronic Union (IEU) was created in 2010 by commodity exchanges from Armenia, Ukraine and Kazakhstan, on the initiative of the Yerevan Commodity and Raw Material Exchange (YCRE.)


Central Securities Depository of Iran (CSDI) joined the Union in November 2015. The Iran Mercantile Exchange, established on September 20, 2007, also joined the Union in November 2013.


Now IEU combines 11 commodity exchanges from six courtiers: Armenia, Belarus, Iran, Kazakhstan, Kyrgyzstan, Ukraine and three commodity distribution systems from Armenia, Belarus and Central Securities Depository of Iran (CSDI.)


IEU intends to promote members’ export-orientated goods and increase potential buyers.

Release Date: 6/8/2017

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