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Despite EU sanctions, Serbian president secures gas deal with Putin

30-5-2022 |

Serbian President Aleksandar Vucic said on Sunday he had agreed to a new three-year gas supply contract in a phone call with Russian President Vladimir Putin.

Serbian President Aleksandar Vučić has refused to explicitly condemn Russia's invasion of Ukraine, and his country has not joined Western sanctions against Moscow --one of a handful in Europe, including Belarus and neighboring Bosnia.

"I can not speak about the price now, all details will be agreed with Gazprom," Vucic told reporters. Vucic said that Serbia had agreed with Putin that the price of gas would be linked to the oil price, but did not elaborate.

Serbia is almost entirely dependent on Russian gas, and its main energy companies are under Russian majority ownership.

Serbia's 10-year gas supply contract with Gazprom expires on May 31.

"What I can tell you is that we have agreed on the main elements that are very favorable for Serbia," Vučić told reporters.

"We agreed to sign a three-year contract, which is the first element of the contract that suits the Serbian side very well."

Serbia, which aims to join the European Union, has come under pressure recently from Western countries to align its foreign policy with the bloc and impose sanctions on Russia.

"The agreement reached by President Vučić with President Putin is proof of how much Serbia's decision not to participate in anti-Russian hysteria is respected," Interior Minister Aleksandar Vulin said.

"The free leader, free people, make decisions that are good for Serbia and do not accept orders" from the West, said Vulin, who is known for his pro-Russian stance.

Sources: Reuters Euronews