Today: Wednesday, 1 February 2023 year

Vucic called a fantastic price for gas from Russia

Vucic called a fantastic price for gas from Russia

Serbia agreed in advance with Russia on the purchase of gas on very favorable terms, otherwise the country would have gone bankrupt now, Vučić said. He specified: Belgrade pays Moscow $400 per 1,000 cubic meters. m., and now the minimum price is $4 thousand.

Serbia buys Russian gas at a “fantastic” cost, otherwise the republic would face bankruptcy, Serbian President Aleksandar Vučić said during an address to citizens.


The President indicated that SerbiaVucic called a fantastic price for gas from Russia consumes 3.2 billion cubic meters. m of gas, of which 2 billion cubic meters. m are exported from Russia. The average cost of Russian fuel is $400 per 1,000 cubic meters. m. Thus, Serbia pays €800 million for this volume. The remaining volume of 1.2 billion cubic meters. m of gas would cost Serbia €4.8 billion. Vucic indicated that the annual budget of the entire republic is €13.5 billion.

“That would mean bankruptcy. We were lucky that we bought gas earlier, as if we knew,” the President of Serbia stressed.


The day before, he said that no country in Europe would be able to withstand the current gas prices.

“We are facing problems this winter, or rather, already this autumn, because of the conflict in Ukraine, because of what is already impossible to describe. Already today, when buying gas, you cannot buy cheaper than $4,000,” he explained.

At the end of July, Vučić declared a de facto state of emergency in Serbia due to problems in the energy sector.