economy
March 30, 2026
Vučić spoke with Putin: We received a three-month extension of the gas contract on very favorable terms
Serbian President Aleksandar Vučić said that he spoke with the President of the Russian Federation Vladimir Putin and that we received "a three-month extension of the gas contract on very favorable terms," reports N1.
TL;DR
- Serbia has secured a three-month extension for its gas contract with Russia on very favorable terms.
- The agreed price is significantly lower than current market rates, with Serbia paying between $320 and $330 per thousand cubic meters.
- Russia has shown flexibility, allowing Serbia to import more gas if needed during cold weather or floods.
- This favorable pricing makes Serbia one of the cheapest in Europe for gas, likely second only to Belarus.
- President Vučić informed President Putin about the alliance between Pristina, Tirana, and Zagreb.
- Current oil prices are high ($115 per barrel), with projections of further increases.
- The price of diesel in Serbia is expected to rise significantly, potentially reaching 290-300 dinars per liter.
- Vučić warned of a potential global catastrophe if conflicts escalate, particularly concerning Iran, which would inevitably lead to political and war conflicts affecting Europe and the world.
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