The Russian Government and the Government of the Republic of Belarus have signed an agreement, which approves cooperation between the two countries in the shipment and transshipment of Belarusian oil products intended for export via Russian seaports.
The document offers Belarus the opportunity to use Russian infrastructure for some of its export shipments instead of the Baltic States’ ports the way it was done before. The document also specifies the planned amount of oil exports via Russian ports. To promote bilateral relations, the two countries are currently negotiating the participation of Belarus in the construction of a new port terminal on the Baltic Sea for the transshipment of oil products and the shipment of other Belarusian cargo, including potash fertilizers, via Russia.
“The signing of this document provides the opportunity to further increase cargo traffic by Russian rail and sea transport and is likely to boost the attractiveness of Russia’s infrastructure,” said Russian Minister of Energy Alexander Novak after signing the agreement. “Russia is Belarus’s key partner in the fuel and energy sector and we continue to be vigorously involved in the dialogue over the creation of common oil, gas and electricity markets. The signing of this agreement will make economic ties between us even stronger.”