BELARUS NEWS AND ANALYSIS

DATE:

12/10/2010

CIS court decision on duties on Russian exports nonbinding

The Russian Justice Ministry has said that the CIS Economic Court decision that Russia should lift duties on the oil products it supplies to Belarus is nonbinding.

The Court suggested that the two countries' governments should consider ways to relieve Russian oil product exports to Belarus of customs duties.

But the Deputy Russian Justice Minister Vassily Likhachev says that Russia as a sovereign state has the right to impose such duties. Russia, he added, will prove this right during the next court meeting.

According to calculations by economists, the Russian budget failed to receive 1 billion dollars when the duty was not collected from Belarus in 2007 to 2009.

Source:

http://english.ruvr.ru/2010/10/12/25454156.html


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