Russia to decide on oil supplies to Belarus within week - Mr Sergei

RIA Novosti citing Mr Sergei Shmatko Russian Energy Minister as saying that Russia may decide to resume oil supplies to Belarus within a week, after they were suspended over disagreement over re export of oil products from Belarus.

He said that "We expect that we will make the decision within a week."

In 2010, Russia introduced duties on crude oil exports to Belarus to prevent Minsk making profits by re-exporting Russian oil products to the EU. Under a Russian-Belarusian deal on a common economic space signed in early December 2010, Russia agreed to scrap the tariffs from January 1 on condition that Minsk returned to Russia all duties received from selling refined oil.

The agreement was ratified by the Belarusian parliament on December 21 to 22 but Moscow ambassador to Minsk accused Belarus of dragging its feet on the contract a day later. Belneftekhim then said it had expected the deal to be initialized after the New Year holidays which ended on January 11.

(Sourced from RIA Novosti)


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