Friday, October 8, 2010

Russia Unlikely to Comply with Court’s Recommendation to Suspend Customs Duties on Oil Exports to Belarus

At Belarus's request, the Economic Court of the Commonwealth of Independent States (CIS) recommended that Russia temporarily suspend customs duties on oil products exported to Belarus. However, some experts opine that the Russian Government will not comply with the Court’s recommendation because (1) such recommendations are non-binding and (2) relations between the governments of the two nations have recently soured. By filing its motion, Belarus was apparently attempting to buy itself some time: it is still expected that in 2012, Belarus, Kazakhstan, and Russia will eliminate all customs duties in mutual trade.

No comments:

Post a Comment