Serbia will not be able to receive oil from Russia through the Adriatic Sea from autumn. This was announced on August 22 by Serbia President Alexander Vucich during a press conference, Novinite reported.
also Serbia will not be able to receive oil through the pipeline through Croatia.
President Vucich said that the country is looking for an alternative to Russian raw materials, which in the fall will fall upon the sanction of the European Union. In addition, the Serbian government wants to find new “commercial storage facilities to provide stocks.” As options, the Serbian authorities consider imports from Iran, but it will be more expensive than Russian oil by $ 31 per barrel, which will lead to losses for the budget of $ 600 million per year.