Home Current News UPDATE 1-Belarus threatens to pull out of Russia integration deal over subsidy...

UPDATE 1-Belarus threatens to pull out of Russia integration deal over subsidy row

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UPDATE 1-Belarus threatens to pull out of Russia integration deal over subsidy rowBelarus President Alexander Lukashenko on Sunday threatened to pull out of signing an integration deal with Russia next month if Moscow failed to resolve their dispute over energy subsidies. Russia has propped up its traditional ally with loans and subsidies to keep Belarus in its political orbit but now plans to phase these out to lessen the burden on its economy. Belarus previously said that it stands to lose hundreds of millions of dollars a year from changes to Russian tax policy and has tried to negotiate compensation.

Source: yahoo.com/news