The Ministry of Finance of Serbia: Western sanctions not to affect trade with Russia

The Ministry of Finance of Serbia: Western sanctions not to affect trade with Russia


Finance Minister of Serbia noted that, in the interests of the country to support good trade and economic relations with Russia. He complained that due to the Western sanctions have complicated payment processing.

LIMA (Peru), 10 Oct. Trade relations between Moscow and Belgrade has not suffered from the Western sanctions imposed against Russia, however, the restrictive measures made it difficult to make payments, said the Agency Sputnik, the Minister of Finance of Serbia, dušan vujović.

“(Sanctions) did not affect trade relations between Serbia and Russia”, — said Vujovic on the sidelines of the annual meeting of the Board of governors of the world Bank and the IMF in Peru’s capital, Lima. However, trade relations affected by “difficulties in making payments under sanctions”, the Minister added.

Vujovic stressed that Serbia supports “equally good relations” with both Russia and with Western countries. “In our economic and national interests to maintain good commercial and economic relations with Russia. I hope we can stick to this position,” he said.

Relations between Russia and the West deteriorated in connection with the situation in Ukraine. At the end of July 2014, the EU and the USA from the point of sanctions against certain individuals and companies have moved to measures against entire sectors of the Russian economy. In response, Russia has restricted food imports from countries that have imposed sanctions against her. In June of this year, the EU extended sanctions until January 2016, the government has decided to extend food embargo for a year.

Serbian Ambassador in Moscow slavenko Terzic in July this year stated that Serbia believes any sanctions in international relations archaic policy tool and does not plan to join anti-Russian measures by the EU.