BELARUS NEWS AND ANALYSIS

DATE:

15/02/2007

Belarus stirring up trouble with Russia again...

By Jon Nones

Belarus has hiked transit fees on Russian oil headed to Europe by more than 30%. According to the Energy Ministry the higher transit fees for Russian oil - 35% for oil headed toward Poland and Germany, 32% for oil bound for Ukraine - should net the Belarusian government roughly $50 million a year.

There was no immediate comment in Moscow, but Russian Trade Minister German Gref said earlier this month that Belarus could not raise the transit price without Russia's assent.

Source:

http://www.resourceinvestor.com/pebble.asp?relid=29024