Low ruble: Belarus suspends petrol supplies to Russia – media

Belarus made the latest petrol delivery to Russia in early January and it was miniscule, the newspaper Izvestia reports with reference to its own sources in petrochemical corporations.

The supply made up only 239 tons, which is 0.2 % of the amount that was delivered in January, 2015 (101.6 thousand tons).

The fact of Belarus’ suspending petrol deliveries to Russia was confirmed by Beloil company, a sales representative of the Belarusian petrochemical concern in the town of Mozyr, Izvestia says. The case is the issue of profitability, or rather the lack of profitability. According to the experts, it is all about the low rate of the Russian ruble: mporters from Russia are not buying Belarusian petrol made of Russian oil, because it has become too expensive. In its turn, the Belarusian side is selling it to the West at profit.

The limited imports of fuel from Belarus may lead to the fact that the Russian Energy Ministry will reduce the amount of oil supplies to the neighboring country, and in the spring there might be a ‘slight shortage of petrol’, Izvestia warns. The share of Belarusian petrol on Russian market reaches 3-5%.


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