Events

MINSK, 9 May (BelTA) – Belarus has struck a deal with Russia regarding oil supplies that will meet the country’s full demand. Besides, export duties on oil products will be gradually lifted. Belarus President Alexander Lukashenko made the statement on 9 May while speaking about results of the negotiations with Russia’s leadership in Moscow the day before, BelTA has learned.

Alexander Lukashenko stressed that the sides had managed to come to terms on all issues. Among other things the issue of selling Belarus-assembled cars on the Russian market was settled. The issue of road carriers was also settled. “We have dealt with natural gas supplies for a decade in advance although the matter had been settled earlier. What’s more important: Belarus will get as much oil as we would like to get including prospects of getting more if we need it. For now 23 million tonnes per annum is enough for us to keep the oil refineries busy,” said the Belarusian head of state.

According to Alexander Lukashenko, Belarus and Russia have also come to terms regarding the gradual annulment of export duties on oil products, which have to be transferred to the Russian state budget for now. “We will gradually lift them. Next year Belarus will keep about half of the sum. As from 2016 I believe we will deal with the second part, too,” said the President. “Belarus’ budget will keep about $1.5 billion next year. Roughly the same amount we will transfer to Russia’s budget. As I said, in 2016 we will revise the matter. I am convinced that within two years we will get rid of the duties and will trade in a civilized manner”.