economy
March 31, 2026
Putin discusses energy supplies with Serbia's Vucic
Serbian President Aleksandar Vucic has phoned Russian President Vladimir Putin to discuss energy supplies as oil and gas prices soar due to the Iran war
TL;DR
- Serbia and Russia have extended their gas supply contract for three months.
- The agreement was reached following a phone call between Presidents Putin and Vucic.
- Global gas and oil prices have increased due to the US-Israeli attack on Iran.
- Serbia has historically maintained close ties with Russia and resisted EU pressure to cut energy ties.
- Serbian President Vucic stated that Belgrade secured very favorable terms with prices lower than in most of Europe.
- The leaders also discussed the war with Iran, the Ukraine conflict, and security in Kosovo and Bosnia and Herzegovina.
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