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Belarus: Russia's Gas Price Hiking Will Hit its Economy

He said in the parliament on Thursday that Russia's company Gazprom had earlier declared a plan of increasing prices of gas

Belarus: Russia's Gas Price Hiking Will Hit its Economy

The first deputy chief of te National Bank of Belarus, Yury Alymov said that Russia's increasing of gas price would cause a reduction of currency revenues and problems with the exchange rate of the Belarussian currency.

He said in the parliament on Thursday that Russia?s company Gazprom had earlier declared a plan of increasing prices of gas delivered to Belarus in 2007 to a European level.

Belarus pays 46 dollars for 1,000 cubic meters of gas at present.

?If the price is 95 dollars, it will negatively affect the Belarussian economy. I think, reason will prevail, and there will be not an abrupt but gradual increase of the price in the framework of the union state that we are building with Russia/ If the price is increased by 10 percent, this will be normal,? Alymov said.

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