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Gas price for Serbia under oil formula may range between $450 and $619 - Vucic

The Serbian leader said earlier that his country’s economy 100% depends on Russian gas

BELGRADE, April 17. /TASS/. The price for Russian gas for Serbia under a new long-term contract may range from 450 to 619 US dollars, Serbian President Aleksandar Vucic said on Sunday.

According to the Serbian leader, the conflict in Ukraine tells on Serbia’s interests and its economic impacts will be felt for three or even four years. "Whatever gas contract we sign, we will have the best conditions. If we have only oil formula now, the gas price may range between 450 and 619 US dollars," he said in an interview with the Hit Tvit program on TV Pink.

"The oil price is killing" Serbia’s economy, he added.

The Serbian leader said earlier that his country’s economy 100% depends on Russian gas and Belgrade hopes for a "good price" at the upcoming talks with Moscow.

Following Russian President VladimirPutin’s talks with Vucic in Sochi on November 25, 2021, Russia agreed to keep the gas price for Serbia at 270 US dollars per 1,000 cubic meters in the next six months. Further on, Russia promised to offer Serbia "exclusive," as Vucic described them, terms under a long-term contract.

Since January 1, Gazprom has been using a new route to pump gas to Serbia - via Turk Stream and further on across Turkey and Bulgaria.

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