Belarus has come to the aid of Russia by delivering diesel and gasoline to prevent price increases, announced President Alexander Lukashenko during his visit to Moscow. The Belarusian president stated that his country has already shipped 60,000 tons of diesel and gasoline to Russia and is prepared to increase supplies if necessary. This move comes in response to requests from their neighboring country, as the two nations share a common market within the Union State.
Lukashenko assured that Belarus is ready to stabilize the situation on their common markets by cutting exports to external markets and increasing domestic supplies. The decision to support Russia in this way demonstrates Belarus’ commitment to maintaining stable fuel prices and ensuring that Russia’s fuel demands are met.
Reports have indicated that Russia has been experiencing diesel shortages in certain regions, leading Moscow to consider reducing its exports from ports on the Baltic and the Black Sea. To address this issue, Russia has planned to decrease fuel exports by nearly 25% this month compared to August. This reduction is due to seasonal refinery maintenance and efforts by the Russian government to keep more fuel within the country, thus easing the growth in domestic prices.
Industry data cited by Bloomberg shows that diesel loadings from Russia’s key ports are set at 1.874 million tons this month, equivalent to 466,000 barrels a day. These figures represent a decrease from approximately 600,000 barrels a day in August due to limited refinery throughput. Moreover, Russia’s diesel export schedule for September is the lowest since May of this year when spring refinery maintenance was underway.
By delivering diesel and gasoline to Russia, Belarus is playing a crucial role in resolving the fuel shortage issue faced by its neighbor. The continuous support provided by Belarus ensures that Russia’s internal market remains stable and addresses the concerns regarding rising fuel prices. Both countries are committed to strengthening their economic ties and maintaining a balanced trade relationship, as exemplified by their cooperative approach to resolving this challenge.
In conclusion, Belarus has delivered diesel and gasoline to Russia to prevent price increases and alleviate fuel shortages. President Lukashenko’s assurance to increase supplies if needed demonstrates the solidarity between the two nations and their commitment to maintaining stable fuel prices. As the situation progresses, the joint efforts of Belarus and Russia are expected to restore equilibrium in the fuel market and ensure the smooth functioning of their common markets.
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