Agreement on transfer of customs duties on Belarus-made oil products

Belarus and Russia have come to terms regarding the procedure for transferring customs duties on Belarus-made oil products taking into account previous arrangements and the calculated losses Belarus’ budget will incur due to Russia’s tax adjustments in the oil industry. The relevant statement was made by Vice Prime Minister of the Russian Federation Arkady Dvorkovich after negotiations between Prime Minister of Belarus Mikhail Myasnikovich and Prime Minister of Russia Dmitry Medvedev in Sochi on 7 October, BelTA has learned.

“The negotiations in Sochi resulted in an arrangement regarding the procedure for transferring customs duties on the oil products Belarus will make in 2015 within the framework of the agreements on creating the Eurasian Economic Union. The new arrangement takes into account both the previous agreements on delivery volumes of oil and oil products and the calculated losses that the budget of the Republic of Belarus will incur due to the big tax maneuver,” said Arkady Dvorkovich.