Surplus of Belarus’ foreign payments at $472 million in January-September

        In January-September 2012 the surplus of foreign payments for exported and imported commodities and services, revenues and transfers of non-financial corporations and households of Belarus amounted to $472 million taking into account the oil export duties that have been transferred to Russia’s state budget. The information is delivered by a statistics report released by the National Bank of Belarus.
       Belarus has been importing Russian oil since 2011 without paying duties but has to transfer the export customs duties for the oil products shipped to third countries to the Russian state budget. In January-September 2012 Belarus transferred $2,9 billion in export duties on oil products to Russia.
       In January-September 2012 Belarus received $39.3 billion in foreign currency proceeds from export, revenues, and transfers, 17% up from the same period of last year. Payments to non-residents for imported commodities and services, for revenues and transfers went up 9.3% in January-September 2012 to $35.9 billion.