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Tatjana Rackov Sinadinović, Director, Happy Kids Preschool

Awards Confirm Value

Within a framework of daily educational activities that’s shaped by the principles of the Montessori method of education, children at the HAPPY KIDS Preschool...

Helleniq Energy

Former Hellenic Petroleum Becomes Helleniq Energy

The parent company of EKO Serbia has rebranded and committed itself to a sustainable future HELLENIC PETROLEUM, one of the largest energy companies in Southeast...

dm

dm Srbija Comes Of Age

Pioneering endeavours, successful results, record-breaking donations and recordhigh wage increases, new social responsibility campaigns and launching the online store have all marked the 18th...

Sonja Kapetanović, Marketing Director, Schlarafia

Quality Is An Issue Of Setting High Standards

Schlarafia is the region’s leading brand for premium sleeping equipment and is unique thanks to its specific fusion of traditional craftsmanship and modern technologies,...

Boban Đurović, Mayor Of Vrnjačka Banja

Monte Carlo In The Heart Of Serbia

Today, Vrnjačka Banja can boast a large number of high-class hotels that, with their rich content and top-quality service in line with European tourist...

Vladimir Gligorov, Economist And Political Scientist

Awaiting The Assigning Of Destiny

How political changes will look following contrasting outcomes of the conflict in Ukraine within certain countries, especially Serbia, will depend primarily on political decisions that will be made. Serbian politics is traditionally indecisive, so this time around it will again probably wait for the decisions to be made by others, and the public will complain about the injustice of the world, the western world of course.

The idea of a new world order provides strategic motivation for Russian aggression against Ukraine. The question, of course, is whether the means lead to the end.

What is the end goal? Viewed politically, the Russian authorities are striving for a balance of power that could be called a world council, i.e., the best formal agreement between the great powers regarding the division of spheres of influence and the procedure by which they would agree about governing the world. And how to govern Europe, especially when it comes to Russia and America.

The economic aspect of this strategy is unclear. That’s because it could be the very opposite of trade and investment globalisation, and would be replaced by some kind of regionalism, or economic cooperation within economic blocs. The problem with this is that it’s uncertain whether it would suit China. And alliance with China is certainly an essential condition to even discuss the idea of establishing a new world order.

The aggression against Ukraine was intended to demonstrate that Russian interests must be respected, because it will be seen that the world cannot ignore its military power and importance to the world economy, primarily as a supplier of energy and raw materials, and to some extent also food. The success reflected in the accepting of the establishing of a new world order that would recognise Russia’s global role, and above all its European role, would require (i) the political will of the Russian people, (ii) a swift military victory in Ukraine, and (iii) economic disruption, primarily in Europe, as a result of rising prices of Russian imports.

It isn’t certain whether the new world order that will emerge will be the one that the Russian authorities are striving for or some other. If the second option occurs, a new world order with reduced Russian influence will emerge. When it comes to the Balkan countries, the importance of the European union will increase, as will the damage to those countries that have remained outside it, for one reason or another

As things currently stand, none of these three conditions have been met by the military aggression launched against Ukraine. The occupation of Ukraine is persisting, there is a fear that political support could be lost among the Russian people and the elite, while the economic consequences of very strict, comprehensive and unanimous sanctions are proving tougher for the Russian economy than for Europe’s, not to mention the American economy.

It isn’t certain whether the new world order that will emerge will be the one that the Russian authorities are striving for or some other. If a convincing victory doesn’t come in the war in Ukraine, and the political outcome is detrimental to Russian military goals, coupled with the economic problems that Russia will face, the order that will be established following Russia’s relative failure in demonstrating its might will be detrimental to Russia’s influence in Europe and around the world. This will be partly due, and probably most importantly, to increased unity in the European Union and NATO. China’s influence will increase, particularly if it remains committed to preserving the global economic system, because it has a great interest in exporting and investing in foreign countries. Thus a new world order will be created with diminished Russian influence, which must have consequences for the Russian economy and political scene.

It isn’t difficult to see what the consequences will be for the Balkan countries. The importance of the European Union will increase, as will the damage to those countries that have remained outside it, for one reason or another. How political changes will look like in certain countries, especially in Serbia, will depend primarily on the political decisions that will be made. Serbian politics is traditionally indecisive, so this time it will probably wait for others to make decisions, and the public will complain about the injustice of the world, the West of course.

Comment by Zoran Panovic

Limited Sensitivity

If Serbia’s World Cup match against Brazil in Qatar proved to be a major tactical defeat for Serbia (0:2), then the agreement reached on...

Aleksandar Mitić, Research Associate At The Institute Of International Politics And Economics, President Of The Centre For Strategic Alternatives

Support For Ukraine Could Reduce

It is tough to expect that the deep polarisation that has manifested within U.S. Society will have a substantial influence on Washinton’s foreign policy...

Aleksandar R. Miletić, Executive Director Of The Centre For History Studies And Dialogue

No Major Changes To Foreign Policy Discourse

I don’t believe the current U.S. Administration’s policies on Ukraine or our region will change fundamentally. More significant course adjustments could only occur following...

Dragan Bisenić, Foreign Policy Journalist, Publicist And Former Ambassador

Without A Weak President

No one will deal with a “weak” american president on foreign policy in the future, as was expected prior to the midterm elections. However,...

Foreign Investors Council In Serbia Celebrates Its 20th Anniversary

The Foreign Investors Council in Serbia (FIC) marked 20 years of operations with a ceremony held at Hyatt hotel. At...

Romania’s National Day Celebrated

The Embassy of Romania in Serbia marked the Day of Romanian Unification with a formal reception at the White...

New President Of Montenegrin Foreign Investors’​ Council Elected

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Cocktail Reception Held In Paris On Occasion Of Belgrade’s Candidacy For Expo 2027

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Serbia, The U.S., Spain, Argentina, Thailand Apply To Host EXPO 2027

Deputy Prime Minister of Serbia and Minister of Finance Siniša Mali said in Paris, after the end of the...

Foreign Investors Council In Serbia Celebrates Its 20th Anniversary

The Foreign Investors Council in Serbia (FIC) marked 20 years of operations with a ceremony held at Hyatt hotel. At...

Romania’s National Day Celebrated

The Embassy of Romania in Serbia marked the Day of Romanian Unification with a formal reception at the White...

New President Of Montenegrin Foreign Investors’​ Council Elected

The President of the Board of Directors of the Crnogorska komercijalna bank (CKB), Tamas Kamaraši, was elected as the...

Cocktail Reception Held In Paris On Occasion Of Belgrade’s Candidacy For Expo 2027

Prime Minister Ana Brnabic and wife of the President of the Republic Tamara Vucic hosted a festive cocktail reception...

Serbia, The U.S., Spain, Argentina, Thailand Apply To Host EXPO 2027

Deputy Prime Minister of Serbia and Minister of Finance Siniša Mali said in Paris, after the end of the...

Foreign Investors Council In Serbia Celebrates Its 20th Anniversary

The Foreign Investors Council in Serbia (FIC) marked 20 years of operations with a ceremony held at Hyatt hotel. At...

Romania’s National Day Celebrated

The Embassy of Romania in Serbia marked the Day of Romanian Unification with a formal reception at the White...

New President Of Montenegrin Foreign Investors’​ Council Elected

The President of the Board of Directors of the Crnogorska komercijalna bank (CKB), Tamas Kamaraši, was elected as the...

Cocktail Reception Held In Paris On Occasion Of Belgrade’s Candidacy For Expo 2027

Prime Minister Ana Brnabic and wife of the President of the Republic Tamara Vucic hosted a festive cocktail reception...

Serbia, The U.S., Spain, Argentina, Thailand Apply To Host EXPO 2027

Deputy Prime Minister of Serbia and Minister of Finance Siniša Mali said in Paris, after the end of the...
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