Support The Moscow Times!

Belarus to Sell Gas Pipelines

MINSK — Belarus says it will sell its remaining stakes in its strategic natural gas pipelines to Gazprom for $2.5 billion.

The deal will help the Kremlin-controlled gas giant secure exports to Europe that have been affected by pricing disputes with Belarus and neighboring Ukraine in recent years. Gazprom already owns a 50 percent stake in Beltransgaz, the holding company of the network, under a $2.5 billion deal struck in 2006. Beltransgaz carries some 20 percent of Gazprom's gas exports to Europe.

The Belarussian government said Thursday that First Deputy Prime Minister Vladimir Semashko is in Moscow completing the deal to sell the company's remaining 50 percent.

(AP)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more