tax maneuver

In 2020, Russia may compensate Belarus for the cost of oil supplies in the range of $60-70 million, Reuters have learnt from the Deputy Finance Minister Alexei Sazanov.

Belneftekhim bought this oil without a premium.

In 2019 Belarus lost about $330 million due to the so-called tax maneuver in Russia. Prime Minister Syarhei Rumas said on Thursday.

During Friday visit to Shklou, President Alyaksandr Lukashenka has suggested that Russia introduced the so called tax maneuver to exert pressure on Belarus.

Belarus considers it economically inexpedient and pointless to pay bonuses to Russian oil companies in the same amount. Therefore, the government is looking for alternative supplies of raw materials, BelTA informs.

Moscow does not seem to make concessions to Minsk: the decision to suspend the supply of oil to Belarus is an effect of the Russian leadership’s instructions to major petroleum companies, the newspaper Kommersant reports.

On January 10, Alyaksandr Lukashenka signed a decree #9 “On Taxation,” BelTA informs.