MOSCOW, 14 February (BelTA) – Russia's Federation Council ratified two Belarusian-Russian intergovernmental protocols on the distribution of oil duties, BelTA has learned.
The protocols were signed in 2014. They amended some earlier bilateral documents on the order of payment and transfer of export customs duties (other duties, taxes and charges having equivalent effect) in the export of crude oil and certain oil products from Belarus outside the customs territory of the Customs Union.
The documents formalize the arrangements reached in 2014 by the presidents of Belarus and Russia on cooperation in the oil sector. According to them, all duties on the export of oil products made of Russian oil by the Belarusian refineries are transferred to the budget of Belarus. This order will remain in effect until 2024. The protocols have been temporarily applied since 1 January 2015. The State Duma ratified them in 2015. Belarus has already completed all the necessary ratification procedures.More about Economy