Report: Russia to sell oil to Belarus '21 at 88–90% of global price

MINSK, Nov 26 (PRIME) -- The price of Russian oil for Belarus will rise to 88–90% of the global level in 2021 from the current 85%, Deputy CEO of state petrochemical company Belneftekhim Svetlana Gurina said on Thursday, as cited by newswire Belta.

"The deputy chairwoman of Belneftekhim stated that Belarusian refineries buy oil at a price which is 85% of the global price, and it will amount to 88–90% of the global price in 2021," the newswire reported.

Russia is undergoing oil taxation changes moving the price for Belarus towards the global level. Minsk estimated losses at up to U.S. $11 billion in six years, the reform period, and at $400 million in both 2019 and 2020.

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