economy
March 30, 2026
Vučić: Agreement with Putin is salvation for Serbia, but the world is heading towards an energy collapse
BELGRADE – Serbian President Aleksandar Vučić stated that in talks with Russian Federation President Vladimir Putin, a three-month extension of the gas supply agreement was agreed upon, under, as he emphasized, extremely favorable conditions for Serbia.
TL;DR
- Serbia has agreed to a three-month extension of its gas supply contract with Russia on favorable terms, securing a price significantly lower than market rates.
- The agreement ensures Serbia's energy security amidst volatile global energy markets and high prices.
- Discussions with Russian President Vladimir Putin also covered cooperation in medicine, pharmaceuticals, infrastructure, and nuclear energy.
- Political topics, including Kosovo and Metohija and the Republika Srpska, were also discussed.
- President Vučić warned of a potential unprecedented energy crisis if the US were to launch a ground attack on Iran, which could significantly increase fuel prices in Serbia.
- Serbia is working to increase gas imports from Azerbaijan and is planning a gas power plant near Niš to enhance its energy capacity.
- The country aims to diversify its energy supply through various interconnections and future projects.
Continue reading the original article