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Serbian President Aleksandar Vucic agrees with Vladimir Putin on new three-year contract to buy Russian gas


“I can’t talk about the price now, all the details will be agreed with Gazprom,” Vucic told reporters.

Vucic said Serbia had agreed with Putin that the price of gas would be linked to the price of oil, but did not elaborate.

Serbia’s 10-year contract to supply gas to Gazprom expires on May 31.

Vucic also said that he had discussed with Putin the expansion of the gas storage space in the Balkan country.

“Putin said I would call him if I felt there was still something to talk about,” said Vucic, Putin’s closest ally in Europe.

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Serbia, which aims to join the European Union, has recently come under pressure from Western countries to align its foreign policy with the bloc and impose sanctions on Russia.

In 2008, the Balkan country made its gas and oil sectors available to Russian companies. Gazprom Neft and Gazprom jointly hold a majority stake in the country’s only oil company, while Gazprom is the majority shareholder in the country’s only gas storage unit.

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