Russia and Belarus Reach Agreement
Russia has reportedly agreed to resume oil deliveries to Belarus at a discounted rate starting in April. Reports indicate that the supply would eventually reach the same levels prior to the January pipeline shutdown, although that is determined by Belorussian energy suppliers.
What It Means:
In the midst of its ongoing spat with Saudi Arabia, Russia is hungry for energy buyers, wherever and whenever they present themselves. Furthermore, the normalization of relations and signing of the agreement would allow Russia to continue to expand its economic integration with the former eastern-bloc nation. However, Belarus may continue to seek new trading partners in order to decrease reliance on Russian crude, and thus firm up its strategic position.
The views expressed are those of the author and do not reflect the official policy or position of the United States Army, Department of Defense, or the United States Government.