Russian companies to supply oil to Belarus without premiums

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Russian companies will supply oil to Belarus without premiums, BelTA learned from Prime Minister of Belarus Sergei Rumas on 24 March.

Sergei Rumas said: “Since late 2019 Belarus has been negotiating the acquisition of Russian oil for our oil refineries without a premium. Literally on Saturday we came to an agreement with the Russian government that all the Russian companies will be able to supply oil without a premium.”

In his words, premiums paid to Russian companies were as high as $11.7. “Companies will reduce this premium by $7. In other words, the companies will supply oil with a premium of $4.7. It will be settled by interbudget transactions. I mean the Russian Federation government will take care of the $4.7,” the prime minister explained.



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