Sitemap

Simon Taylor, HYCU, Inc. CEO

Providing Easy Ways To Protect Data

HYCU is a multinational company with offices around the world, but much of its European operation is located right here in Belgrade, an important...

Luštica Bay

Authentic Adriatic In Luštica Bay A Place To Belong

Authentic residences, The Chedi five-star hotel, beautiful beaches with a crystal blue sea, a unique gastronomic and shopping experience and an intense calendar of...

Vladimir Živanović, Director Of The Zlatibor Tourism Organisation

Foreigners Also Flock To Zlatibor

It is thanks to magical nature and the air spa status that Zlatibor has enjoyed for 129 years, coupled with major investments, excellent infrastructure...

Porto Montenegro

The Adventure Continues On The Adriatic

Summer is in full swing at Porto Montenegro, with yachts lining the marina, a range of new and well-loved shops and restaurants in the...

Bogdan Gavrilović, Sales Manager, World Transport Overseas (WTO)

Expanding Operations

World Transport Overseas (WTO), which is headquartered in Eastern Europe and has branches in Bulgaria, China, Croatia, Greece, North Macedonia, Serbia and Slovenia, was...

Milojko Arsić Ph.D., Professor At The University Of Belgrade Faculty Of Economics

There Will Always Be Bread, But Not Smarts

Even during the times of the harshest sanctions imposed during the 1990s, enough food products were still available in Serbia. Temporary shortages of such products can only occur as a consequence of mistaken economic policies

In the case of the introduction of sanctions, we can be quite certain that would result in the worsening of relations between the Serbian and Russian political leadership. I estimate it as being unlikely that Russia would apply harsher measures against Serbia, such as halting gas supplies and the like, because in the long run that would lead to the loss of its stronghold among the Serbian people. The Russian leadership would probably try to attribute the possible imposing of sanctions to Serbia’s “unpopular pro-Western leadership”, but it would try to maintain its close affinity with the Serbian people, while seeking out new partners on the Serbian political scene. I think the economic cost of imposing sanctions against Russia would be an increase in gas prices for Serbia, probably combined with the suspending or annulling of the free trade agreement with Russia. The rise in the price of gas would have a negative impact on the entire economy and the citizens of Serbia in a certain period, while the suspension of the FTA would hit the parts of the economy that had significant exports to Russia, such as producers of fruit and vegetables.

In the case of the European Union, some form of punishment for Serbia should be expected to take the form of a suspension of EU accession talks and the withdrawing or reducing of financial assistance to Serbia. The harshest possible measure that one could expect, but which I don’t think is very likely, would be some kind of recommendation not to invest in Serbia for companies from the EU, or from key EU countries like Germany, Austria and Italy.

I estimate it as unlikely that Russia would apply harsher measures against Serbia, such as halting gas supplies and the like, because in the long run that would lead to the loss of its stronghold among the Serbian people

I don’t think the EU would go further than that, and imposing harsher measures would only serve, in the long run, to distance Serbia from the EU and push it towards Russia and China. Any significant reduction in EU investments would hit the Serbian economy hard, because it would cause a slowdown in economic growth and the stagnation of employment and standards, while problems would also arise in terms of financing the balance of payments and servicing external debts. That would all lead to increased pressure on the weakening dinar, and could also result in rising inflation.

When it comes to supplying basic foodstuffs, none of these scenarios threaten Serbia because it is a major producer and exporter of such products. Even during the times of the harshest sanctions imposed during the 1990s, enough food products were still available in Serbia. Temporary shortages of such products can only occur as a consequence of mistaken economic policies, such as controlling prices administratively etc.

Comment by Zoran Panović

Favourite Enemies

Of course, there has been no occurrence of the most normal possible thing for fixing relations, which would be for Serbian and Croatian presidents...

Aleksandar Radić, Military Analyst

Rearming Is A Long Process

It is obvious that we will see the re-forming of many of the battalions that were disbanded over the last couple of decades, when...

Marija Ignjatijević, Researcher, Belgrade Centre For Security Policy

The EU (Still) Lacks Sufficient Might To Form Autonomous Defence Capacities

The very fact that the EU repurposed its peace facility instrument to arm Ukraine has significant operative relevance, but also symbolic relevance. Member states...

Nikola Lunić, Executive Director Of The Council For Strategic Policy

Time To Create Dependable Alliances

Under the conditions of a taxing history and unstable relations, the Western Balkan region could easily become an instrument of major powers in the...

William Ruto Declared President Of Kenya

The Electoral Commission of Kenya has declared William Ruto as the country's new president. Ruto defeated his opponent, opposition leader...

Celebration Of Independence Day Of India

India celebrated the 75th anniversary of its independence on 15 August 2022. To celebrate and commemorate these 75 years...

US-China: Tensions in Taiwan

A delegation of the US Congress arrived on an unannounced visit to Taiwan, less than two weeks after the...

Belgrade Gets New Protected Sites

The Secretariat for Environmental Protection has announced that the process of placing under protection two new sites in Belgrade,...

US Senator Jeanne Shaheen: We Must Ensure That Serbia Continues Towards The West Path

Senator Jeanne Shaheen, who together with several colleagues recently presented a bipartisan bill on American support to the Western...

William Ruto Declared President Of Kenya

The Electoral Commission of Kenya has declared William Ruto as the country's new president. Ruto defeated his opponent, opposition leader...

Celebration Of Independence Day Of India

India celebrated the 75th anniversary of its independence on 15 August 2022. To celebrate and commemorate these 75 years...

US-China: Tensions in Taiwan

A delegation of the US Congress arrived on an unannounced visit to Taiwan, less than two weeks after the...

Belgrade Gets New Protected Sites

The Secretariat for Environmental Protection has announced that the process of placing under protection two new sites in Belgrade,...

US Senator Jeanne Shaheen: We Must Ensure That Serbia Continues Towards The West Path

Senator Jeanne Shaheen, who together with several colleagues recently presented a bipartisan bill on American support to the Western...

William Ruto Declared President Of Kenya

The Electoral Commission of Kenya has declared William Ruto as the country's new president. Ruto defeated his opponent, opposition leader...

Celebration Of Independence Day Of India

India celebrated the 75th anniversary of its independence on 15 August 2022. To celebrate and commemorate these 75 years...

US-China: Tensions in Taiwan

A delegation of the US Congress arrived on an unannounced visit to Taiwan, less than two weeks after the...

Belgrade Gets New Protected Sites

The Secretariat for Environmental Protection has announced that the process of placing under protection two new sites in Belgrade,...

US Senator Jeanne Shaheen: We Must Ensure That Serbia Continues Towards The West Path

Senator Jeanne Shaheen, who together with several colleagues recently presented a bipartisan bill on American support to the Western...
spot_img