Russia May Abolish Oil Duties for Belarus in 2015

October 28, 2013

Russia is ready to abolish customs duties on oil and oil products for Belarus starting from 2015 if Belarus removes all exemptions in the trade with Russia within the framework of the Customs Union, First Vice-Premier of Russia Igor Shuvalov told reporters on 24 October following the session of the Supreme Eurasian Economic Council, BelTA reported on October 25.

Igor Shuvalov underlined that at the summit the Belarusian side confirmed its readiness to sign the documents that will completely remove all the exemptions in trade with Russia. The First Vice-Premier of Russia underlined: “The position of the Belarusians is as follows: we are ready to sign everything without exemptions. It means that our exemptions on export duties will not be extended to them”. Igor Shuvalov noted that it is hard to say whether it will be possible to do, because Kazakhstan is not ready for such a scenario; the country needs time to abolish its exemptions. “However, if it is possible from the legislative point of view, we will do it then,” he said. It means that starting from 1 January 2015 the export duties will not apply to Belarus.

The First Vice-Premier informed that the existing terms of oil supplies to Belarus will remain the same until the end of the year. “We will negotiate the supply terms for the next year with Belarus; talks are underway now,” Igor Shuvalov said.

Copyright: BelTA, 2013