Western sanctions on Moscow will cost Belgrade $600 million this year, says President Vucic
Serbian President Aleksandar Vucic made sense of, on Monday, that his nation has brought about huge misfortunes because of EU sanctions against Russia. He especially refered to limitations on oil supplies.
"Exclusively by forcing sanctions on Russian oil, they [the European Union] straightforwardly took $600 million from our pocket!" he said on public TV, focusing on that the cash was taken from individuals of Serbia.
Vucic brought up that Iraqi Kirkuk oil is presently $31 more costly per barrel. "They took $600 million from us, we actually need to put extra cash in gas," he said.
The Serbian president noticed that the circumstance in the worldwide energy area is turning out to be more convoluted. "We have true, yet not officially, proclaimed a highly sensitive situation," he said, adding that energy issues are being "settled consistently."
Last week, the EU endorsed a 6th round of approvals on Russia, which incorporates an oil ban. Part states have a half year to stop imports of Russian oil either via ocean or pipeline, and eight months to end acquisition of "other refined oil based commodities." However, there will be an impermanent exclusion for nations that are more reliant upon Russian energy, like the Czech Republic, Hungary, and Bulgaria.
Regardless of confronting mounting strain from the European Union, Serbia has would not join against Russian authorizes and keeps up with attaches with Moscow. Vucic said at the World Economic Forum in Davos last month that Serbia would above all else keep on seeking after its "own advantages."