We Have Enough Worries Without Poor Decisions

Sanctions Against Russia & Their Economic Repercussions

Prior to making a political decision on whether or not to impose sanctions against Russia, the new Government of Serbia would have to conduct a detailed analysis of the possible repercussions of such a decision. The answers clearly emerge and could have far-reaching ramifications. However, if we are occasionally left without sugar or electricity, we primarily need to look at ourselves, and not at others

What could the consequences be for Serbia’s economy if the future government opts to impose sanctions against Russia; or if the EU subjects Serbia to some kind of explicit or tacit punishment for making an unacceptable political decision not to impose said sanctions? What will happen and what will be lacking (flour, sugar, meat, energy, FDI, business, inflation, economic growth) if either of these scenarios happen? Our interlocutors have little doubt about the answer or what the new Government of Serbia’s priorities should be… They impose themselves through both political and economic calculations.

What concerns them is the fact that, before either of these two scenarios have even become operational, the Government of Serbia has already made a decent number of poor moves that have left us without sugar and electricity, in a country that has strong agriculture and a fairly reasonable energy system.

Aleksandar Vlahović, President Of The Association Of Serbian Economists

A Road To Avoid

Possible explicit or tacit punishment of Serbia by the EU, in response to what the EU deems to be inappropriate political decisions, could be...

Jurij Bajec Ph.D., Special Advisor At The Economics Institute And Full Professor At The University Of Belgrade Faculty Of Economics

Open Balkan Is A Good Initiative

During times of great uncertainty and deeply disrupted international economic and political relations, Serbia should seek additional forms of economic connection that complement its...

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...

Milan Nedeljković, Dean And An Associate Professor At FEFA, Belgrade

Risks Aren’t A Good Friend To Investment

Political risk and uncertainty aren’t good friends to a stimulating investment environment. As such, any rise in the perception of increased political risk for...