Serbia Continues Gas Trade With Russia Despite EU Sanctions

Serbia has signed a new three-year natural gas deal with Russia, ignoring the European Union’s sanctions on the country over its aggression toward Ukraine.

Serbian President Aleksandar Vucic discussed bilateral agendas with Russian President Vladimir Putin over the phone on Sunday, reaching the agreement on “uninterrupted supplies of natural gas to Serbia.”

Vucic said on Sunday in a Facebook post that the Serbian government must care for its citizens. He added that providing a sufficient energy supply is crucial for the country.

Vucic said the government would build new diesel and crude oil warehouses in a year and a half.

According to Kremlin, both Vucic and Putin committed to strengthening their partnership based on traditionally close ties.

Serbia will most likely officially sign the deal with Russia in early June, during the visit of Russian Foreign Minister Sergey Lavrov to Belgrade.

The European Union had imposed five sanction packages targeting Russia’s economic and political landscape. The sanctions included economic sanctions and restrictions on economic cooperation, prohibiting the trade of Russian gas and oil.

In 2014, the European Council welcomed Siberia to open accession negotiations as part of its EU membership.

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