Ukraine Gate- Kyiv – May 15, 2022 – Serbian President Aleksandar Vucic announced that Serbia is ready to resist imposing sanctions on Russia at the expense of its economy, and suffer huge losses due to its decision.
Vucic said the price the country is paying is huge, and they don’t have access to the capital market.
“We are suffering heavy losses, but we are not asking for anyone’s help,” Vucic said. “We are very patient without imposing sanctions on the Russian Federation, but we do it because we are an independent country.”
At the end of February, when Russia launched a large-scale invasion of Ukraine, Belgrade refused to impose sanctions, then Vucic said that such a decision does not meet the interests of the state, but that Serbia supports Ukraine’s territorial integrity.
The sixth package of sanctions also provides for an embargo on Russian oil, which has sparked controversy within the European Union. to approximately 700-750 million euros to reorient the oil refining industry.
The European Union proposed to review the oil embargo imposed on the Russian Federation and allow Hungary and Slovakia to buy Russian oil until the end of 2024, and the Czech Republic – until June 2024.
