Russia has suggested lowering oil price premium for Belarus by $2 per one tonne every year, which would partly offset Minsk's losses from Russia's tax maneuver, Russian Energy minister Alexander Novak said Friday
MOSCOW/MINSK (Pakistan Point News / Sputnik - 21st February, 2020) Russia has suggested lowering oil price premium for Belarus by $2 per one tonne every year, which would partly offset Minsk's losses from Russia's tax maneuver, Russian Energy minister Alexander Novak said Friday.
"The proposals of Russian companies on new oil price formula were submitted to our partners from Belarus. The proposal that takes into account lower export tax was to lower the premium by $2 per one tonne every year, in proportion to the reducing export tax," Novak said, as quoted by the ministry press service.
Meanwhile, Belarusian President Alexander Lukashenko said Minsk could lose up to $430 million in 2020 on 24 million tonnes of oil supplied from Russia due to Moscow's tax maneuver, compared to 2019.
As for natural gas, the fair price would be around $90 per 1,000 cubic meters, Lukashenko said, according to Belta news agency.
