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Vladimir Putin approves protocol on duty-free oil supplies to Kyrgyzstan

The President of Russia Vladimir Putin signed the federal law on ratification of the protocol to the Russian-Kyrgyz intergovernmental agreement on cooperation in the supply of oil and oil products. RIA Novosti reported.

According to the document, the Russian Federation does not charge customs duties on petroleum products supplied to Kyrgyzstan for domestic consumption in the amounts stipulated by indicative balances. For accounting purposes, exported petroleum products are subject to customs declaring procedure in Russia, as if they were exported outside the territory of the Eurasian Economic Union.

On December 6, with the assistance and operational intervention of the Prime Minister of the Kyrgyz Republic, indicative balance for 2019 was signed by representatives of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan and the Ministry of Energy of the Russian Federation.