Text resize: A A
Change contrast

Energy independence should be priority

Since independence, Belarus has not been able to overcome its total dependence on Russian energy supplies. With the construction of a Belarusian nuclear power plant, this dependence will only become stronger.

As is well-known, Belarus purchases crude oil from Russia and so far has earned good money from it. It imports Russian oil without any tariffs, and only after exporting the processed oil does it generate export duties, which are then transferred to its own budget. Prior to 2015 Belarus had transferred it to the Russian budget, but since the announcement of the implementation by the Russian Federation of the "tax manoeuvre" in the oil industry, Minsk requested compensation for its costs, mainly due to the ratification of the treaty on the establishment of the Eurasian Economic Union (EEU). As a result, Moscow agreed to allow export duties on oil products from Belarus to be transferred directly to the Belarusian budget through 2024.
To access this content, you must subscribe to NEE, or log in if you are a subscriber. Not a subscriber? Why not try it out. Plans start at just €5 per month.

September 1, 2018 - Tatiana Manenok - Articles and CommentaryIssue 5 2018Magazine

Photo: (CC) en.kremlin.ru

, , ,

Partners

Terms of Use | Cookie policy | Copyryight 2018 Kolegium Europy Wschodniej im. Jana Nowaka-Jeziorańskiego
webdesign : hauerpower.com