BELARUS NEWS AND ANALYSIS

DATE:

12/10/2010

CIS Court Advises Moscow To Remove Duties On Oil For Minsk

The CIS Economic Court has recommended that Moscow remove the duty it has imposed on oil products exported to Belarus, Kommersant reports. According to the newspaper, the court advised imposing the moratorium for three months and noted each month will cost the Russian budget $30 million. However, Moscow is not forced to comply with the court's decision.

Kommersant notes that the court decision strengthens Belarus' position in its spat with Russia: Minsk can appeal in January 2011 if Russia does in fact fail to comply with the court. Moreover, the moratorium will end after the presidential election in Belarus which is scheduled for December 19, Lenta.ru reports.

Source:

http://www.oilandgaseurasia.com/news/p/0/news/9094


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