Transneft refuses to increase tariffs for oil transit through Belarus

Russia's Transneft refused to increase the tariffs for oil transit through Belarus. According to TASS, the Russians have not received any justification from Belarus as to why oil transit tariffs should be increased by 84%.

The letter from the Russian company to Gomeltransneft Druzhba says that the tariffs should be determined in accordance with the established methodology.

"As part of the submitted materials of the unscheduled review of tariffs there are actually no financial and accounting statements for the first quarter of 2023 confirming the occurrence of losses on transit of oil of Russian origin through the territory of the Republic of Belarus," the Russian company says.

Belarus has already increased transit tariffs for oil through its territory by 9% since February 1, 2023.

At the end of May, Gomeltransneft Druzhba proposed to increase the tariffs by 84% to compensate for the losses caused by economic sanctions. At the beginning of 2023, Germany and Poland abandoned Russian oil in favor of Kazakh oil. At the same time, the volume of production decreased significantly.