Russia, Belarus to settle gas dispute in 10 days: Putin

Russian President Vladimir Putin has expressed confidence that his country and Belarus will settle their ongoing gas and oil disputes in 10 days.

After meeting visiting Belarusian President Alexander Lukashenko on Monday, Putin said Moscow and Minsk have agreed to find an acceptable pricing scheme for both sides, and all the disputes in oil and gas sector between the two will be settled in 10 days.

Both countries will also develop rules for the common gas market by January 1, 2018, TASS news agency quoted Putin as saying. Russia and Belarus have no issues of dispute left, Putin said. The disputes between both countries lasted for over a year. "We were able to look into the future of our economies' functioning. We solved these matters.

I think our governments will formalise everything and bring our economies into the normal functioning rhythm within ten days," Lukashenko said. Belarus and Russia have been negotiating a reduction in gas prices since early 2016.