Russia will supply Belarus petroleum products until 2020

© RIA Novosti / Egor Rememberace in fotobounce tanks for oil storage of the Druzhba pipeline near the town of Mozyr, Gomel region. Archival photoRussia will supply Belarus petroleum products until 2020© RIA Novosti / Egor Removeroute the image Bank

Russia and Belarus in talks on Wednesday recorded zero indicative balances of supplies of dark oil products until the end of 2019, reported RIA Novosti a source familiar with the outcome of the negotiations. Thus, Russia will supply to Belarus petroleum products until 2020.

Earlier Wednesday, the Russian energy Ministry reported that the head of the Ministry Alexander Novak took part in the meeting of Chairman of Russian government Dmitry Kozak and Deputy Prime Minister of Belarus Igor Lyashenko. Following the talks, Novak and Lyashenko signed a Protocol on amending the intergovernmental agreement of 2007 on the measures on settlement trading-economic cooperation in the export of oil and oil products and agreed on indicative balance sheets and protocols for petroleum products for November-December, 2018 and 2019 for the entire year.

«Recorded zero indicative balances of supplies of dark oil products», — told RIA Novosti source familiar with the outcome of the talks, adding that we are talking about the period up to 2019.

In August President of Belarus Alexander Lukashenko in interview to TV channel «Belarus 1» said he did not understand the accusations of the Russian side that Belarusian companies buy petroleum products in Russia, processed in Belarus and then sell on the foreign market. According to him, this is not a new practice. Dark oil products, in his view is the by — product of oil refining, which are not implemented in Russia and the processing of which Belarus «earns a penny.» While Novak said in September that the Ministry of energy sees no economic viability in the duty-free oil supplies to Belarus.

After a meeting with his Russian counterpart Vladimir Putin in Sochi in late September, President of Belarus Alexander Lukashenko said that developed two options for dealing with «peritumoral» oil and dark petroleum products supply from Russia.

Intergovernmental agreement between the two countries clearly establishes only the amount of duty-free oil supplies from Russia to Belarus — 24 million tons per year. The indicative balance sheets of oil supply agreed annually by 1 October.

Minsk leaves in its budget duties from exports of oil products derived from Russian oil. In 2017 Belarus has also received the right to re-export 6 million tons of Russian oil, too, with enrollment fees to your budget. This mechanism, the parties called «peritumoral».