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Home  »  Russia  »  Economics

President of Belarus ratified the Protocol on the supply of oil.

At the beginning of the year, Moscow and Minsk for a month could not agree on the amount of oil, which Russia will supply Belarus duty free.

Belarussian President Alexander Lukashenko issued a decree ratifying the Protocol amending the Agreement between the Governments of the Republic of Belarus and Russia on measures to settle trade and economic cooperation in the export of petroleum and petroleum products, signed in January 2007.

Protocol stipulates that Moscow will supply Minsk 6.3 million tons of oil with no tariffs for domestic consumption, while Belarus will raise the tariff on transit of oil by 11%.

As a result, according to preliminary calculations, the budget of Russia produced in 2010 to 77.98 billion rubles more than in 2009. The State Duma approved the protocol on the control of duty-free supply of oil to Belarus, which aims to put an end to the energy standoff between Minsk and Moscow.

Earlier this year, Belarus, domestic demand which is around 8 million tons a year, insisted on increasing the duty-free oil supplies, promising to otherwise increase the duty on the transit of Russia's oil.


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