Russia Has Proposed Belarus to Reduce the Premium in Oil Prices by $ 2 per Year
“An approach is proposed that takes into account the reduction in export duties. This will partially offset the effect of the reduction in export duties”, Novak said, adding that Minsk is already aware of this. On Friday, February 21, President of Belarus Alexander Lukashenko spoke about the "unexpected proposal" of Russian leader Vladimir Putin for oil. According to him, Putin proposed to pay compensation to Minsk in the amount of up to $ 300 million for losses that Minsk suffered due to a tax maneuver.
In autumn, the Ministry of Finance of Belarus estimated losses at $ 400 million. “$ 800 million, taking into account losses in 2019. This is total for the economy - $ 400 million each in 2019 and 2020”, the department said. Lukashenko said earlier that if Minsk does not receive compensation for the tax maneuver, Russia will lose its ally in the western direction.