Despite the embargo on the supply of Russian oil to European Union (EU) countries by sea, the state of the Serbian energy market is stable. This was expressed by the Prime Minister of the Republic, Ana Brnabic, Wrote Agent Tanjug.
“This (the ban on oil imports from Russia) will affect our economy, but Serbia is an energy stable country,” Brnabic said.
The Prime Minister of the Republic noted that Serbia is an “energy safe country” thanks to the efforts of President Aleksandar Vučić.
In the first half of September, Serbian Minister of Mines and Energy Zorana Mihajlovic reportedthat the republic will no longer be able to buy Russian oil from November 1 due to EU sanctions, therefore it will try to buy fuel from Iran.
In mid-October, the head of the Hungarian Ministry of Foreign Affairs, Peter Szijjártó declarationThat an oil pipeline for the supply of Russian oil from Hungary to Serbia could be built in 1.5 years.
Previously at the European Commission (EC) on 3 December reportedThe G7 countries (England, Germany, Italy, Canada, France, Japan and the USA) and Australia have agreed to a ceiling of $60 per barrel for Russian oil supplied by sea from 5 December.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.