Belarus and Russia settle gas row

Belarus and Russia settle gas row
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The latest row between Russia and Belarus over gas supplies has been settled.

Minsk says it has paid its outstanding debt to Moscow which in turn has restored supplies.

Belarus said it had yet to receive the payments for transit but was ready to resume full flows of natural gas to Europe within 8-10 hours.

On Wednesday, Belarus had threatened to cut off Russian oil and gas flows to Europe if Gazprom did not pay 211 million euros owed for gas transit through pipelines across its territory.

Belarus has previously insisted Russia provide it with cheap oil and gas as part of a customs union deal that is due to come into force next month.

Russia has cut gas supplies to both Ukraine and Belarus several times in recent years. As the world’s largest energy exporter, it also supplies Europe with 25 per cent of its gas needs.

The EU said Lithuania was receiving 40 per cent less gas than usual due to the dispute and Poland said it saw a brief fall in gas deliveries too, but Russia’s top gas customer, Germany, was still unaffected.

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