international magazine
03 / 2014

Belarus' free market lessons first-hand experience from Minsk

Ukraine's social and political crisis at the turn of the turbulent 2013-2014 had in a way underscored timeliness of sustainable industrial and economic development seen in the neighbouring Belarus. Even having to deal with Greek and Israeli gasoline supplies in 2013 Ukraine is still striving to supply fuels from Belarus. It appears to be the number one partner in the cost/quality terms to provide viable and competitive motor fuels for Ukraine gradually recovering after the 2013 «bootleg fuels flood». Accounting for the record 30% in Belarus export pattern Ukraine is a close and lucrative market, which should be by no means lost due to the political turmoil in place. These issues were discussed during British Confidence Capital's Belarus Oil Refining and Products Export conference in Minsk.