Oil and gas prices. Forecasts

25 сентября 2016

The long-running dispute over the price of Russian gas is connected to the volumes of crude oil at our refineries. Belarus insists on revising the gas contract, based on the agreement in the Eurasian Union and the logic of the fall in world prices. Meanwhile, partners insist on the same contract. Price issue for us has already exceeded the three per cent of GDP. The currency is more than 160 million dollars. And this is without taking into account the "bounce" on trade and production.

Andrei Kobyakov, Belarus Prime Minister: "It is a very sensitive moment for us. I think that we will find those necessary decision to resume normal relations in the gas sector, and resume deliveries as expected with our Russian partners in the volumes for 2016."