Serbia’s President Aleksandar Vucic has announced that he has secured an “extremely favourable” three-year natural gas supply deal with Russia, amid efforts by the European Union to phase out Russian energy supplies.
“What I can tell you is that we have agreed on the main elements that are very favourable for Serbia,” the Serbian president said after clinching the deal during a telephone conversation with his Russian counterpart Vladimir Putin.
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As the war in Ukraine rages, Serbia’s president has announced that he has secured an “extremely favourable” three-year natural gas supply deal with Russia during a telephone conversation with Russian President Vladimir Putin.
“What I can tell you is that we have agreed on the main elements that are very favourable for Serbia,” Serbian President Aleksandar Vucic, a former pro-Russian ultranationalist, told reporters on Sunday.
“We agreed to sign a three-year contract, which is the first element of the contract that suits the Serbian side very well,” he said.
Vucic claims he wants to take Serbia into the European Union but has spent recent years cementing ties with Russia, a longtime ally. He has also refused to explicitly condemn Russia’s invasion of Ukraine and his country has not joined Western sanctions against Moscow.
Russia’s deal with Serbia follows after Moscow cut off gas exports to EU members Finland, Poland, and Bulgaria.
The gas deal is likely to be signed during a visit by Russian Foreign Minister Sergey Lavrov to Belgrade early in June – a rare visit by a ranking Russian official to a European country since the invasion of Ukraine began in February.
Despite reports of the atrocities in Ukraine due to the invasion, Vucic and other Serbian leaders have been complaining of Western pressure to join sanctions against Russia.
Serbian officials say the Balkan country must resist such pressure, even if it means abandoning the goal of joining the EU.
Vucic’s 10-year autocratic rule
Under Vucic’s 10-year autocratic rule and relentless pro-Kremlin propaganda, Serbia has gradually slid towards aligning with Russia.
Polls suggest a majority in the country would rather join some sort of a union with Moscow than the EU.
“The agreement reached by President Vucic 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.
The EU as a whole has been hurriedly reducing its reliance on Russian energy since the invasion, and is set to discuss ways to further do so and to hear from Ukrainian President Volodymyr Zelenskyy during a leaders’ summit that starts on Monday.
It is not clear how Serbia would receive the Russian gas if the EU decides to shut off the Russian supply that travels over its member countries.
Serbia is almost entirely dependent on Russian gas, and its main energy companies are under Russian majority ownership.
In 2008, Serbia put its gas and oil sectors in the hands of Russian companies. Gazprom Neft and Gazprom together hold a majority stake in the country’s sole oil company while Gazprom is the majority shareholder in the country’s sole gas storage facility.