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Title : Russia To End Selling Cheap Oil To Belarus
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Russia To End Selling Cheap Oil To Belarus

Russian President Vladimir Putin and his Belarussian counterpart Alexander Lukashenko toast to the 20th anniversary of the Union State. Mikhail Klimentyev/TASS

RFE: Belarus To Buy Russian Oil At 'Global Market' Prices

Belarusian First Deputy Prime Minister Dzmitry Krutoy has been quoted as saying Minsk will pay "global market" prices for oil from Russia this year.

"The Russian side has agreed that Belarusian refineries will buy oil through agreements with Russian oil companies at prices that are set on the global market," Reuters quoted Krutoy as saying, according to Belarusian state BelTA news agency, on February 9.

Belarus is heavily reliant on Moscow for cheap oil and billions in annual subsidies to prop up its Soviet-era economy.

Russian President Vladimir Putin and Belarusian President Alyaksandr Lukashenka reportedly made little reported progress in talks in the Russian Black Sea resort of Sochi on February 7 on the increasingly intertwined issues of energy prices and closer integration.

Lukashenka had predicted that meeting would present a "moment of truth."

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WNU Editor: This meeting between Belarusian President Lukashenka And Russian President Putin last week was a disaster .... Belarusian President Lukashenka And Russian President Putin Meet For Tense Talks Over Integration And Oil Supplies (February 7, 2020). Here is an easy prediction. Times are going to be tough economically for many in Belarus.

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