Russia is currently the biggest investor in Belarus, with investments worth 3.85 billion US dollars as of March 2020. In particular, special attention is paid to joint projects, the largest of which is the construction of the Belarusian nuclear power plant with a capacity of 2,400 megawatts (MW).
Other than nuclear, Russia and Belarus have always cooperated in the gas field and Russian Ambassador to Belarus Dmitry Mezentsev expressed confidence that the countries will find a mutually acceptable solution on the supply of energy resources to Belarus in 2021.
At the beginning of November, Russia’s gas giant Gazprom announced that the issue of repaying the debt owed by Belarusian consumers for Russian gas supplies had been completely settled. As the contracts between Gazprom and Gazprom Transgaz Belarus for gas supplies to and gas transportation across Belarus are valid until the end of 2020, negotiations can be launched to discuss the conditions of gas supplies starting from 1 January 2021.
“The parties will definitely find a mutually acceptable solution on energy supplies next year,” Mr Mezentsev said quoted by Russia’s news agency Tass. “It is also important to ensure that the political situation is brought outside the framework of these negotiations on a purely energy issue.”