Petroleum products imports are falling, while revenues from raw materials products are growing

Supplies of petroleum products from Russia to Belarus continue their consistent decline. For the first nine months of this year, the reduction was 1.4 times compared to 2017.

According to the National Statistical Committee of Belarus, 106 thousand tons of petroleum products arrived in Belarus from Russia in September, and in July of this year, as many as 352 thousand tons were imported. At the same time, Russian oil imports remain at the same level as last year and in nine months amounted to 13.6 million tons.

At the same time, according to Belstat, exports of petroleum products increased by 2.2% — to 9.31 million tons. Thus, the country’s budget received 4.97 billion dollars extra. In the structure of exports, supplies to the EU countries amounted to 6.66 million tons of petroleum products for the sum of 3.24 billion dollars.

Russia has repeatedly accused Belarus of re-exporting Russian oil products. Thus, it was decided to limit the duty-free supply of petroleum products. After the negotiations, the parties agreed on indicative balances and protocols on oil products for the needs of the Belarusian petrochemical industry for November-December this year and for the whole of the next year.

Currently, Belarus imports 24 million tons of oil from Russia during the year. At the same time, only 18 million tons of oil are being processed. Export duties on the remaining 6 million tons will be sent to the Belarusian budget.

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