Business news

12 Feb 2021

Belarus, Russia to sign agreement on transshipment of oil products on 15 February

An archive photo

MOSCOW, 12 February (BelTA) - Belarus and Russia will sign an agreement on transshipment of Belarusian oil products via Russian ports on 15 February. The document will be signed by Belarus’ Transport and Communications Minister Aleksei Avramenko and Russian Minister of Transport Vitaly Saveliyev in Moscow, BelTA learned from the website of the Russian Transport Ministry.

"The draft agreement envisages the transshipment of more than 9.8 million tonnes of Belarusian cargoes via Russian Baltic sea ports in 2021-2023. These include fuel oil, petrol and oil. The agreement provides for take-or-pay contracts.

The agreement will be valid until the end of 2023 ad can be extended automatically. "Operators of seaport terminals of Leningrad Oblast and St. Petersburg have confirmed their readiness to transship these cargoes and to offer discounts for long-term contracts based on the planned volumes of oil products," the Russian Ministry of Transport stressed.

The ministers will also sign an agreement on cooperation in transport security. The parties are set to devise a unified mechanism of interaction to detect timely, prevent and suppress illegal interference in the activities of the transport complex in the passenger and cargo transport in international traffic and also in cabotage road transport.