Belarus has settled its $726million debt for gas supplied by Gazprom in 2016-17, the Russian energy giant said.
Gazprom chairman Alexey Miller and Belarus’s deputy prime minister, Vladimir Semashko, have also signed a new deal on gas prices for 2018-19.
The pricing will be based on a price formula linked to the price of gas in the Yamal-Nenets Autonomous Area, Gazprom said.
For 2017, gas will be supplied under the existing contract.