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Russian parliament ratifies Belarusian-Russian protocol on oil, oil products

Economy 20.03.2019 | 15:10
Photo courtesy of TASS
Photo courtesy of TASS

MOSCOW, 20 March (BelTA) – The State Duma of Russia ratified a protocol on amending the Belarusian-Russian intergovernmental agreement on measures to regulate trade and economic cooperation in the sphere of export of oil and oil products of 12 January 2007 during the plenary session on 20 March, BelTA has learned.

The protocol was signed in Moscow on 10 October 2018. Presenting the document before MPs, Russian Deputy Energy Minister Anastasia Bondarenko noted that the protocol clarifies the procedure for agreeing indicative balances of oil and oil products, the procedure for changing the balances as well as other matters of cooperation relating to oil and oil products. Apart from that, the document determines a list of products, which need indicative balances. The number includes gasoline, diesel fuel, furnace oil, and petrochemical products.

In line with the document by 1 October every year representatives of Belarus and Russia are supposed to reach an agreement on the kinds and amounts of products, which are to be exported from Russia to Belarus for the sake of satisfying Belarus' internal demand. If any products are not listed, they can be exported without compiling indicative balances.

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