18 Dec 2019 17:20

Minsk still in tax maneuver talks with Moscow, expects decision at level of presidents

MINSK. Dec 18 (Interfax) - Talks between Belarus and Russia regarding compensation for losses incurred by the tax maneuver are ongoing, with decisions expected at the level of the countries' presidents, the Belarusian Finance Ministry told Interfax.

"The talks are ongoing. The parties are working to the agreed schedule. Final decisions will be reached with regard to the meeting of presidents," the ministry said.

RBC said on Wednesday that at government level the sides had reached agreement in principle that Russia would compensate Belarus for the costs of implementing the tax maneuver in the oil sector. The publication's sources said this would be done via a reverse excise for Belarusian refineries and that the subsidies could amount to $1.5 billion.