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THE ESSENTIAL
Belarus, Russia, Kazakhstan economies should overcome crisis together

The economies of Belarus, Russia and Kazakhstan should deal with the global crisis using joint efforts, said Prime Minister of Belarus Sergei Sidorsky during a visit to Belarusian Autoworks in Zhodino on January 5. At present, the complementarity of the Belarusian and Russian economies is 60%-90% in certain kinds of cooperation. “Russia’s GAZ Group, KAMAZ and Grodno-based Belkard that supplies parts to Russia have stopped their production,” the Premier said.

 

BELARUS REDUCES OIL EXPORT DUTY NOVEMBER 1

On November 1, 2008, Belarus reduces the crude oil export duty from $372.2 per tonne to $287.3 per tonne. The Council of Ministers issued relevant resolution No 1668.

The oil export duty has been revised downward following a similar reduction in the export oil duty in the Russian Federation effective from November 1. The export duty on oil products will be reduced to the level of the duties valid in Russia. For example, duties on light oil products (light and middle distillates, liquefied gas, benzol, toluene and xylol) will be reduced from $263.1 to $205.9 per tonne. Duties on heavy petroleum products (engine oil, processed oil products, mineral wax, oil coke, oil asphalt) will be cut from $141.7 to $110.9 per tonne.

In line with the intergovernmental Belarusian-Russian agreement, export duties on oil and oil products in Belarus are equal to the duties applied in Russia and are introduced on the same date.

In conformance with the Belarusian-Russian agreement, in 2008 the coefficient of 0,335 will be used for calculating the duty on oil supplied to Belarus from Russia. From November 1 the duty for Belarus makes up $96.2 per tonne.

PUBLICATIONS OF THE COUNCIL OF MINISTERS
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Belorusskaya Niva/Belarusian Cornfield Newspaper

Economy of Belarus/Economika Belarusi Magazine

Zvyazda Newspaper
 
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  President of the Republic of Belarus

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