Russian President Vladimir Putin and his Serbian counterpart Aleksandar Vučić agreed in a phone call on Sunday (29 May) on the renewal of natural gas contracts. The Kremlin reports that the two leaders agreed that Russia will continue to supply Serbia with natural gas and the two nations will strengthen their cooperation.
Vucic said he had reached a three-year supply agreement with Putin and that details would be discussed with Russia's state-owned gas company Gazprom. The expansion of gas storage space in Serbia has also been discussed, the president said.
Serbia's 10-year gas supply contract with Gazprom expires next Mondag (May 31). With this new agreement, Serbia’s almost total dependence on Russia is reaffirmed, especially since Moscow holds a majority stake in the Serbian national oil and gas company.
