Oil and Gas

The sides are hoping to reach intermediate agreements.

Russia is set to supply only 4 million tons instead of the planned 4.5 million tons of crude oil in the first quarter of 2017.

The oil field named Vuhalskaje was discovered in Palessie in late December 2016.

The new tariffs for the transit of Russian crude oil via Belarus will be effective from February 1 through March 31, 2017.

The full gas debt totals $281 million.

However, the essence of the suggestion is unknown now.

Russian Deputy Energy Minister Kirill Molodtsov says the two countries are interested in reaching a deal by the end of the year.

Беларусь хоча павысіць кошт транзіту на 20,5%, аднак гэтая лічба падчас перамоваў можа змяніцца.

The Russian news agency TASS reports Belarus plans to charge 20.5% more for the crude oil transit from January 1, 2017.