Putin, Erdogan may have telephone conversation soon — KremlinRussian Politics & Diplomacy September 20, 21:39
Lavrov offers condolences to Mexican people over deadly earthquakesRussian Politics & Diplomacy September 20, 21:01
UN Security Council passes resolution on peacekeeping reformWorld September 20, 20:14
UN peacekeepers should use force only for self-defense — LavrovRussian Politics & Diplomacy September 20, 20:01
Breaking of Idlib siege leaves three Russian servicemen woundedMilitary & Defense September 20, 19:00
Ukraine's president requests UNSC to deploy UN mission to Donbass as soon as possibleWorld September 20, 18:30
Diplomat believes Morgan Freeman was 'roped in' to be weaponized in anti-Russia crusadeRussian Politics & Diplomacy September 20, 18:02
Russian lawyer blasts ‘medieval’ efforts by UK Paralympic athletes to fake handicapSport September 20, 17:36
Aftermath of powerful earthquake in MexicoWorld September 20, 17:28
BELGRADE, October 13 (Itar-Tass) — Russian Energy Minister Alexander Novak and his Serbian colleague Zorana Mihajlovic signed an inter-governmental agreement on Russian natural gas supplies (up to five billion cubic metres) to Serbia in 2012-2021 in Belgrade on Saturday.
The agreement was concluded in the presence of Serbian Prime Minister Ivica Dacic.
“By signing the agreement Serbia sewed up long-term and stable supplies of natural gas in the upcoming 10 years. This is one more step towards strengthening relations between Serbia and Russia, which is one of our key foreign political partners,” Dacic told a press conference after the signing ceremony.
The Russian minister replied that the agreement “is extremely important in the development of bilateral relations and gives big prospects for increasing trade turnover between our countries”.
Gazprom will be the major supplier and Srbijagas JP will be the buyer. Under the agreement, Serbia guarantees timely and full payments for gas. If payments are made untimely, supplies will be suspended unilaterally. Natural gas is supplied to Serbia for exclusively internal consumption.
A protocol to the inter-governmental agreement implies that Serbia obliges to pay its debt at the amount of 400 million U.S. dollars till the end of 2014. The debt should be fully paid in 2014.
Russia is the key gas supplier to Serbia. Two weeks ago Srbijagas director-general Dusan Bajatovic said Belgrade hoped that gas prices would be reduced from 470 U.S. dollars to 420 U.S. dollars per 1,000 cubic metres from 2013.