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Published On: Thu, Dec 29th, 2016

Belarus & Russia to Settle Oil – Gas Dispute in Q1 of 2017: Semashko

nsnbc : Belarussian Deputy Prime Minister Vladimir Semashko said a compromise in the Belarus-Russia dispute over oil and natural gas deliveries should be found in Q1 2017 at the very latest.

Photo courtesy BelTa

Photo courtesy BelTa

Semashko told the press that negotiations with Russia are in full swing. “We haven’t lost optimism. We are working with Russian colleagues in a systemic manner and are trying to come up with compromises in our formulations and calculations,” he said.

He added: “We are now looking for all kinds of sources and mechanisms to reach the previous agreements on levelling the playing field for companies in the Eurasian Economic Union in order to bring about a common electricity market and then the common markets of gas and oil.”

The Belarussian Deputy PM stressed that a number of intergovernmental agreements were signed in October 2016. A plan of relevant actions and events was adopted. However, a certain hiccup occurred and the roadmap was not authorized for implementation in the end.

“Nevertheless, there is mutual understanding on both sides. We have all the arguments and the necessary instruments to carry out the joint action plan. We hope to come up with a compromise solution to the oil and gas dispute in Q1 2017 at the latest,” assured Vladimir Semashko.

F/AK – nsnbc 29.12.2016

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