Russia to resume previous volume of oil supplies to Belarus

4 April 2017

Russian Deputy Prime Minister Arkady Dvorkovich has said that Russia will resume its previous volume of oil supplies to Belarus, Kommersant-Online reports. In addition, Gazprom will provide Belarus with discounts using a decreasing factor applied to the price calculation formula over the period from 2018–2019.

“Certain intergovernmental documents concerning relations in the oil and gas sector will be adjusted. After they are initialled, Belarus will repay the unpaid amount to Gazprom, i.e. to Belarustransgaz – a Gazprom subsidiary, and we will resume oil deliveries in the amount of 24 million tonnes” Kommersant-Online quotes Dvorkovich as saying. Dvorkovich added that oil supplies may already start in April.

Russian President Vladimir Putin said earlier after talks with Belarusian President Alexander Lukashenko that there are currently no more contentious issues in relations between Moscow and Minsk.

Russia and Belarus had been engaged in an oil dispute since early 2016 after Minsk described Russia’s gas price as unjustified and started paying less than the agreed amount. In response, Russia reduced the volume of duty-free oil exports to Belarus. Belarus owes more than USD 700 million for gas supplies.

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