Duties on oil between Russia and Belarus will be changed, the head of the Russian Ministry for Economic Development Elvira Nabiullina announced, ITAR-TASS reports.
“We have managed to agree and come to accord on an entire package throughout the Eurasian economic zone,” she said, adding that 17 documents comprising the basis of the agreement within the Customs Union had already been signed.
Nabiullina explained that mutual trade oil tariffs had been changed and that duties on oil products would be returned to the Russian budget. The decision will come into force after Belarus ratifies the package next year, and Russian gas prices for Belarus will continue at the planned level, RIA Novosti reports the minister as saying, and that the sides had agreed to switch to income equality in 2012 on gas prices.
