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Vladimir Semashko: Belarus, Russia to hold talks on establishing single gas market

Belarus and Russia will hold talks on creating a single gas market in the nearest time. It was announced by Vladimir Semashko, Belarus’ Deputy Prime Minister. It is known that the two countries signed a document which regulates gas issues for three years in 2017. The sides are now entering a new level. The functioning and forming of gas prices in the single market will be discusses at the meeting with Russian colleagues.

Vladimir Semashko, Deputy Prime Minister of the Republic of Belarus:
I suppose that we will hold a meeting by the time the month ends and on our level we will be discussing in Russia how the prices are going to be formed, the approach and how the market itself is going to be established. For what sake is it done? For the sake of Belarusian industrial plants, so that they work on equal terms with Russian business entities, or, if to be specific, with the EEU.

The single gas market in the EEU must be established by 2025. The relevant documents will be prepared by the end of 2017. If the principles are regulated at the level of Belarus and Russia, then the document will be suggested to the EEU partners. If for some reasons the single gas market won’t be established in the EEU, then Belarus and Russia will unite and establish a market of their own.

Vladimir Semashko: Belarus, Russia to hold talks on establishing single gas market