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President Putin positively views dynamics of Serbian food supplies to Russia

The trade turnover between the two countries is on the rise despite challenges in the Russian and global economy

© Alexei Nikolsky/Russian Presidential Press and Information Office/TASS

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Serbia to remain Russia’s friend but for rational reasons — PM Vucic

NOVO-OGARYOVO, October 29. /TASS/. Russian President Vladimir Putin positively views the dynamics of agricultural products supplies from Serbia to Russia. The trade turnover between the two countries is on the rise despite challenges in the Russian and global economy, President said at a meeting with Serbian Prime Minister Aleksandar Vucic on Thursday.

"Supplies of Serbian agricultural products have surged by 40%, which is good," Putin said. He also added that Moscow and Belgrade have a number of other issues of mutual interest.

The two countries have high potential for cooperation in the agricultural sector, particularly in the field of expansion Russia’s imports of Serbian agricultural and food products as Belgrade refused to join anti-Russia sanctions imposed by the European Union (EU). In 2014, the cost of Russian imports of agricultural products from Serbia rose by 1.7 times compared with 2013 to $369.3 mln.

Meanwhile, according to the data provided by Russia’s Federal Customs Service, external trade turnover between the two countries stood at $1.01 bln in January-August 2015, a 27% decrease year-on-year.

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Vladimir Putin Economy Trade Serbia Trade & Cooperation

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