Russia and Belarus have reached a compromise on the price of Russian gas supplies, Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel.
“As for the situation on the debt for natural gas that has emerged this year, now I can say that we have found a solution. All the conditions were specified, and the key condition is that all debt will be paid off, and gas will be paid for in accordance with the agreement on the formula that has operated before,” Russian news agency TASS quotes the minister as saying.
The conflict started as Belarus wanted to buy gas at the price of $73 per thousand cubic meters. Current price of the Russian gas for our country is $132. According to the Russian Energy Ministry, Belarus gas debt reached $270-300 mln. In turn, Minsk failed to acknowledge the debt.
Amid the gas row, Russia cut oil supplies to Belarus: In Q4 2016 Moscow will supply Minsk with only 3 mln tons of oil. Thus, by the end of the year our country will receive 18 mln tons instead of desired 24 mln. In response, Belarus raised duties on oil and oil products exported outside the customs territory of the Eurasian Economic Community (EEC).
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As reported earlier, Russia will restore the previous volume of oil deliveries to Belarus, and Belarus will annul a decision to raise the oil transit tariff.
