Russia to Withdraw Oil Duties after Minsk's Signing of CES Documents

05.07.2010 13:28
Архив Редакция

Russia will withdraw customs duties on crude oil and petroleum products for Belarus after Belarus signs and ratifies the whole package of documents on creation of common economic space of Belarus, Russia and Kazakhstan. It was reported on July 5 in Astana by Vice-Premier of Belarus, Andrei Kobyakov.

According to Deputy Prime Minister of Belarus, such a norm is contained in a protocol on certain temporary exemptions from functioning regime of common customs territory of the Customs Union, which was signed simultaneously with a decision on the enactment of the Customs Code, BelTA informs.

Thus, according to Andrei Kobyakov, customs duties on crude oil and petroleum products for Belarus will be removed automatically, without waiting for the moment when CES documents to be signed and ratified by Russia and Kazakhstan.

Vice-Premier of Belarus also pointed out that the protocol also provided the preservation of existing rates of customs duties on cars for individuals till July 1, 2011.