The Belarusian authorities have estimated direct budget losses from the Russian tax maneuver in 2021 350 million Belarusian rubles, or $ 146 million. About it at session of Presidium of Council of Ministers on the draft budget for next year, said Prime Minister of the Republic Roman Golovchenko, BelTA has learned.
He explained that the document laid out the basis of the average price of a barrel of oil around 40 dollars and the average exchange rate of the dollar and 2.4 of the Belarusian ruble, which gives the basis for such charges.
The tax maneuver Russia in the oil industry involves a gradual zeroing of export duties on raw materials and the increase in the tax rate on mining (met).
For Minsk, this strategy means a significant increase in prices for Russian oil and a sharp decline in revenues from its own refining. On the background of the conflict with Moscow, Belarus has started procurement from alternative suppliers, including Norway, Azerbaijan, Saudi Arabia and the United States. Acute phase of the confrontation ended only at a time when oil prices on the background of the coronavirus pandemic and the collapse of the deal, OPEC+ collapsed at the beginning of the century.
Russia and Belarus signed a contract for the supply of Russian oil last week. According to Golovchenko conditions were “very profitable” for Minsk.
