October 12, 2018 / 8:43 AM / a year ago

Russia paid Belarus $263 mln as a part of bilateral oil deal

MOGILEV, Belarus, Oct 12 (Reuters) - Russia has paid $263 million to Belarus as part of a deal that covers exports of Russian oil to its neighbour, Belarus’s Deputy Prime Minister Igor Lyashenko told reporters on Friday.

Russia, Belarus and Kazakhstan have a duty-free arrangement under which Moscow has been sending crude oil and oil products to Minsk with no export fee.

Russia is also exporting some of that oil via Belarus further to Europe and is paying Minsk back associated oil export duties. (Reporting by Andrei Makhovsky; Writing by Maria Kiselyova; Editing by Katya Golubkova and Mark Potter)

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