HomeMediaMedia PublicationsAnalyticsA long-term transit contract between Russia and Belarus will be a verdict for the port of Klaipeda

A long-term transit contract between Russia and Belarus will be a verdict for the port of Klaipeda

12 February 2021

Belogoryev Alexey M. Deputy Principal Director on Energy Studies, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Deputy Principal Director on Energy Studies at the Institute for Energy and Finance assessed the prospects for transit of Belarusian oil products through the territory of Russia in an interview with the Economy Segodnya FBA.

The transit of Belarusian oil products through the Russian Federation is a political decision, Aleksey Belogoryev, Deputy Director on Energy at the Institute for Energy and Finance said in a conversation with the Economy Segodnya FBA.

The Ministry of Transport of the Russian Federation reports that Moscow and Minsk will conclude an agreement on February 15 to organize the transshipment of Belarusian oil products in Russian ports, which provides for the transit of 9.8 million tons of cargo in 2021-2023.

There are economic issues regarding transshipment through Ust-Luga

“The concept of transshipment of Belarusian oil products in Russian ports appears during each crisis within Belarus or within the framework of relations between Moscow and Minsk. It is a familiar collision, and it has a political origin, and as for the economy, a lot of studies have been carried out that have not shown the existence of advantages,” Belogoryev concludes.

“The Russian route will be competitive only if privileges are provided for both the railway tariff and the cost of transshipment in ports. For Russian companies, the provision of privileges devalues ​​the transshipment and transportation of Belarusian goods, and then the margin of cooperation will be either zero or very low,” Belogoryev says.


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