banner1 banner1 banner1

15.11.2012

Refusal of transit through Latvia - revenge for the EU sanctions  ? 66

10:24, — Politics

Refusal of transit through Latvia - revenge for the EU sanctions

Lukashenko wants to punish Europe, and flirts with Russia.

Andris Maldups, head of the transport policy department at Latvia's Ministry of Transport, said this week that the loss of Belarus' transit business could cost the country Lats 640 million ($1.16 billion), or around 5% of GDP.

The major cargoes are oil products and potash fertilizer from Belarus, and coal from Russia.

"This announcement came as a surprise, because we have very good relations at the moment with Belarus," Maldups told Platts in an interview.

"Only three weeks ago we had the meeting of the Latvian-Belarusian Intergovernmental Commission where both sides agreed to expand cooperation in transit," he said.

Ilze Nagla, spokeswoman for Ventspils Nafta, refused to disclose how much of the company's roughly 12 million mt/year of oil product transshipment is sourced from Belarus.

But it is believed that the majority of production from the Belarus Novopolotsk refinery transits Ventspils via the existing 5 million mt/year capacity Polotsk-Ventspils oil products pipeline, with additional volumes of oil product arriving via rail from both Belarus and Russia.

Lukashenko's announcement may have stemmed either from a desire to boost relations with Russia, or to punish EU countries for leveling sanctions against Belarus earlier this year, Maldups said.


Write your comment (66)


News
on topic

Export




Belarusian Weather Forecast

   22.11   23.11 
Brest +2
-1
+2
-1
Vicebsk  0
-3
 0
-3
Homel +4
-4
+4
-4
Hrodna   +1
-2
  +1
-2
Minsk  +1
-2
 +1
-2
Mahiliou +2
-4
+2
-4

Exchange Rates of the National Bank

22.11.1423.11.14
EUR13520,0013520,00
USD10780,0010780,00
RUB235,00235,00

Opinion


Shifts in market to shift power

Shifts in market to shift power

Ales Charniakovich

Youve taken the right way, comrades!

Youve taken the right way, comrades!

Valiantsin Stefanovich

Is it not the late 30s?

Is it not the late 30s?

Tatstsyana Novikava

In everyones memory

In everyones memory

Irina Khalip

Lukashenka is another Girkin

Lukashenka is another Girkin

Natallya Radzina



Yesterday's statistics:

unique visitors 337014
pageviews 2037392

Sun Mon Tue Wed Thu Fri Sat
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30

Old site version

Subscribe in English

Enter your email address: