Russia Halts Oil Supplies To Belarusian Refineries As No 2020 Deal Signed

Russia halted crude oil supplies to Belarus after the countries’s leaders couldn’t agree on terms for a 2020 supply contract.

Since 1 January 2020 Russia has stopped oil supplies to Belarusian refineries, RIA Novosti with reference to sources in the oil industry of Belarus reports.

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According to the state oil company Belneftekhim, Belarus still has oil reserves and despite the supply interruption refineries operate in normal mode.

“Russian oil is not supplied. The loading of oil refineries has been reduced to the minimal technologically permissible level,” Belneftekhim press service told TASS.

The halt comes after a series of calls between President Alexander Lukashenko and President Vladimir Putin last week failed to broker a compromise.

After that, Lukashenko held a meeting with his oil and gas officials and ordered them to agree on new oil supply contract with Russia for Russia, while looking for supply of oil from alternative sources.

Moscow and Minsk cannot agree on the price of oil, transit fees, the volume of oil to be supplied to Belarusian refineries and compensation for the tax maneuver in Russia, which gravely affects Belarus’s budget and economy.

Source: TUT.BY