Belarus has estimated the losses of the country from the tax maneuver Russia

Belarus estimates the losses of its budget from the Russian tax maneuver in 2021 350 million Belarusian rubles, or approximately $146 million at the current rate. This was stated today by the Prime Minister of the Republic Roman Golovchenko.

According to him, “next year’s budget is formed in difficult conditions with limited resources.” “Direct loss of budget revenues in 2021 only from the implementation of the so-called tax maneuver are estimated to amount to about 350 million rubles”, — quotes BelTA the head of government.

Recall, back in February, President of Belarus Alexander Lukashenko has estimated the losses of their country in the current year from the reduction in Russian export duties on crude oil (the so-called “tax maneuver”) of $420-430 million.

“After talks with (Russian President Vladimir) Putin and his suggestions we’ll consider now. It’s a simple account — our losses from reduced customs duties on oil. And this year, with 24 million tonnes (the volume of Russian oil supplies to Belarus provided indicative balance for 2020 — ed.) is roughly $420-430 million, that we’re losing,” — said the Belarusian leader.

According to him, “Putin suggested that the money they compensate for Belarus”, and “he admitted that’s right.”

With 2019 in Russia launched the final stage of the tax maneuver in the oil industry. Will be gradually reduced (down to zero), the export duty on oil and increase tax on mineral extraction (met). Tax reform remains a stumbling block in relations between Minsk and Moscow. As a result of tax maneuver the price of oil for Belarus is rising and is expected in 2024 will be equal with the world.

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