BELARUS NEWS AND ANALYSIS

DATE:

09/12/2010

Russia ready to cancel Belarus oil export fees

MOSCOW Dec 9 (Reuters) - Russia is ready to drop duties for oil export to Belarus from Jan. 1, 2011 if Minsk approves all the documents for the Customs Union, Russian Economy Minister said, cooling fears of a standoff which may hit Europe.

Elvira Nabiullina said on Thursday that Belarus can save up to $4 billion from the deal and that Minsk had agreed to charge export duties on oil product exports and give them to Russian budget.

She also said that Russian gas prices for Belarus in 2011 will not be changed.

(Reporting by Denis Dyomkin; writing by Vladimir Soldatkin; editing by Toni Vorobyova)

Source:

http://af.reuters.com/article/energyOilNews/idAFLDE6B808C20101209


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