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Minsk, Moscow to hold additional talks on tax manouevres in 3-4 months

Presidential administration chief of staff Andrei Kobyakov said on Thursday.

MINSK, October 10. /TASS/. Belarus and Russia will hold additional talks on tax manoeuvres in the next three to four months, presidential administration chief of staff Andrei Kobyakov said on Thursday.

The two countries have agreed to conduct additional negotiations in the next three to four months “to decide how this tax manoeuvre will work at the initial stage since it’s a rather new technique for both sides”, he said.

He said Belarus could have lost over 1 billion U.S. dollars as a result of tax manoeuvres in the oil sector.

“We told our Russian partners right away that there had been a substantial deterioration of conditions and they met us halfway,” Kobyakov said.

The two countries conducted intensive negotiations and made the decision that all export duties for petroleum products taken out of Belarus should go to its budget.

“Export duties for Belarus in 2015 will amount to about 2.5 billion U.S. dollars, which will go to the Belarusian budget,” Kobyakov said.