Russia Turned Down Lukashenko

27.06.2025, 12:37 charter97.org

Russia Turned Down Lukashenko527.06.2025, 10:42 11,322 There will be no preferential oil prices.Belarus and Russia have not yet agreed on a pricing formula for oil and gas, said Secretary of State of the "union state" Sergei Glazyev. That's not to say this comes as a surprise. Lukashenko has been asking Moscow for special, preferential oil prices for a decade and a half. But so far he hasn't asked for it, writes planbmedia.io."The issue has not been completely resolved yet. But here on a bilateral basis, the government along with corporates always find a solution. These solutions may not always be of a long-term nature, but they allow, at any rate, to see the prospects for the current and future years," Glazyev said at the Eurasian Economic Forum, which is taking place in Minsk.And he didn't lie about the prospects. Lukashenko has been discussing the energy pricing formula, which should give Belarusian refineries preferential oil prices, with the Russian authorities since 2008. And each time there is nothing left before the final decision is made. But each time something fails."The last time they should have made a decision last year," said Glazyev.In fact, the last time Lukashenko announced the final decision on the price issue was in March. Speaking in the Russian Federation Council, he said that he asked Putin to make sure that Belarusian factories "were not unprofitable."Because Lukashenko himself somehow fails to do so. Despite the uniqueness of the Belarusian model. Last year, Naftan and Mozyr refineries brought down the indicators of entire districts with their losses. This year has not become better.Belarusian refineries have been let down by the fall in world oil prices. Because along with oil, its refined products become cheaper. So, given the expensive and complicated logistics, the revenues of Belarusian fuel exports cease to cover the costs of its transportation. Because it's too far and expensive to transport it.The war in the Middle East, which pushed oil prices up in a moment, did not please the Belarusian authorities for long. Since the announcement of the ceasefire, prices have fallen again and the Belarusian authorities are not happy about their prospects. The optimistic forecast is that the price of Brent oil will fall to $60 per barrel. And this is not the price at which the Belarusian factories will be able to please the authorities with their profits.The more so that other factories have not been happy with their profits for a long time. Belarusian exports to Russia have collapsed to such an extent that even the strengthening of the Russian ruble does not help its indicators. And in the markets of the far arc, despite all the achievements of Belarusian import substitution, only potash fertilizers and Belarusian fuel produced from cheap Russian oil are in demand.So, if earlier the issue of preferential oil was just a burning issue, now it has started to be burning especially intensively.PATREONSupport the website Write your comment 5 You can support the website Charter97.orgMULTI-CURRENCY ACCOUNT FOR ASSISTANCE:Bank's name: Bank Millennium S.A.Address: ul. Stanislawa Zaryna, 2A, 02-593, WarszawaIBAN: PL97116022020000000216711123SWIFT: BIGBPLPWName of the account holder: Fundacja “KARTA ‘97”Purpose/title of payment: Donation for statuary aimsYou can contact us by the e-mail charter97@gmail.comFollow Charter97.org social media accountsFacebookYouTubeX.comvkontakteok.ruInstagramRSSTelegram