Belarus Pays Russia $3.5 Billion in Oil Export Duties

January 4, 2013

Xinhua reports that Belarus paid Russia 3.5 billion U.S. dollars in export duties on oil products during 11 months of 2012, according to Belarus' central bank.

In January-October 2012, Belarus exported 15.1 million tons of oil products, 19.1 percent up from the same period of last year. The price for Belarusian oil products averaged 840 U.S. dollars per ton, 4 percent up from January-October 2011, the central bank said.

Belarus has been importing Russian oil since 2011 without paying duties but has to transfer the export customs duties for the oil products shipped to third countries to the Russian state budget. In 2011, Belarus transferred 3.07 million U.S. dollars in export customs duties for the oil products shipped to third countries.

Talks on oil supply in 2013 between Russia and Belarus have been going on for months. Moscow insists that the volume of exports in 2013 will amount to 18.5 million tons (4.6 million per quarter). Minsk says that it needs 23 million tons of oil.

Earlier, the Belarusian government said Belarus and Russia have agreed on a deal for the delivery of 5.75 million tons of oil in the first quarter of 2013.

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