Home / Business / For re-export. Russia is going to restrict the supply of petroleum products to Belarus

For re-export. Russia is going to restrict the supply of petroleum products to Belarus

Из-за реэкспорта. Россия собирается ограничить поставки нефтепродуктов в Беларусь

Russia plans in the fourth quarter of 2018 to limit duty-free supplies of petroleum products and liquefied petroleum gas (LPG) in Belarus. This follows from dated July 27 letter “Belneftekhim” concern to the government, government agencies and the largest consumer of petroleum products of Belarus (a copy is in TUT.BY).

Из-за реэкспорта. Россия собирается ограничить поставки нефтепродуктов в Беларусь

Photo from archive

The group asked authorities and commercial organizations to specify the volumes of oil products are designed to meet the internal needs of Belarus in the 4th quarter of 2018 and 2019. The authorities are also requested to take into account the volume of oil associated with the implementation of investment projects.

Undeclared amounts of petroleum products are not taken into account in the protocols that would prevent their supply from Russia and, consequently, will worsen the socio-economic development of the country (region), the document says.

However, to inflate the amount is not worth it, to the letter. “If necessary, at the request of the Russian side representatives of business entities, as well as representatives of local authorities will be involved to justify the requirements in the declared types of products, including the energy Ministry of Russia”, the document says.

See also:  The incredible adventures of money in the Soviet Union

A source in the oil sector said that the initiative of the Russian side “due to the increase in’ re-export of Russian oil products and LPG in the Baltics and Ukraine”, which brings to the Belarusian budget, additional revenues, and the Russian losses. Therefore in the autumn it is proposed to introduce an indicative balance of supply of petroleum products (gasoline, diesel fuel, fuel oil, LPG), which the Belarusian and Russian sides agreed to 1 October. Deliveries in excess of these amounts will be banned.

Today Reuters has also reported Russian plans to limit fuel supplies to Belarus. “The Russian side initiated the termination of the practice of unhindered export from the Russian Federation to the Republic of Belarus of petroleum products, citing the losses of the Russian budget in terms of increasing their volume of export”, — stated in the explanatory Memorandum to the Protocol changes of an intergovernmental agreement of the Chairman of “Belneftekhim” Andrey Rybakov.

In addition, Moscow allegedly intends to refuse to Minsk to provide the next loan tranches controlled RF Eurasian Fund for stabilization and development, payments for so-called mechanism of “Peremogi”, as well as credit for 2019 to $ 1 billion.

See also:  The possible price of improvement of Russia "shut to zero"

Information about the suspension of Russia’s lending to Belarus is untrue, reports TASS with reference to the press service of the Ministry of Finance of the Russian Federation.

The document notes that Russia is waiting for payment for the previously delivered to Belarus petroleum products.

Recall that in 2017, Moscow and Minsk agreed to supply 24 million tons of oil a year within the indicative balance of which actually comes to 18 million tons and 6 million tons Russia compensates for Belarus in the framework of the procedure for “Peremogi”.

According to railway statistics, export of oil products from Russia to Belarus is continuously growing: two times — in 2017, compared to 2016, to 3,247 million tons and in the first half of this year, 44% from the same period of 2017, to 2,033 million t. deliveries of LPG grew by 133% (551,1 kt) and 128% (to 479,7 kt).

Previously, we reported about a sharp increase in the supply of Russian liquefied petroleum gas to Ukraine and Europe through Belarus.
 

© 2018, RWB News. All rights reserved

Check Also

Chinese authorities are tightening the screws of kriptonyte

The last couple of days in China was marked by harsh measures against cryptocurrency. The …

Leave a Reply

Your email address will not be published. Required fields are marked *