Russia and Belarus stripped of observer status in the Energy Charter

24 June 2022, 22:49 | Economy
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The Energy Charter Treaty Parties have stripped Russia and Belarus of the status of observers in the community, as well as suspended the provisional application of the Energy Charter Treaty in relation to Belarus.

As reported by the Ministry of Energy of Ukraine, these decisions were made at a special session of the Energy Charter Conference in Brussels on Friday.


The Ministry of Energy indicated that these issues were included in the agenda of the session at the insistence of the Ukrainian side.


They recalled that the Energy Charter Treaty is a multilateral agreement signed by almost 60 countries, as well as the European Union. The charter establishes the basic principles of cooperation, in particular in the field of protection of foreign investments, establishes transit rules in energy systems and mechanisms for resolving disputes between contracting parties, investors and host states.

Russia and Belarus signed the Energy Charter Treaty but never ratified it. At the same time, Belarus applied the Treaty provisionally.

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