Serbian President Aleksandar Vučić addressed the complex energy situation in the region, emphasizing the need for long-term planning. He expressed confidence that Serbia will reach an agreement with Russian partners following the introduction of U.S. sanctions on the Serbian oil company NIS and stressed that every effort will be made to protect Russian assets in Serbia.
Vučić stated that Russian partners have assured him they understand Serbia’s position and will do everything possible to support the country regarding NIS. He emphasized that, despite the risks sanctions pose to banks, Serbia will ensure financial stability and maintain its investment-grade rating.
The president confirmed that fuel oil supplies are secured through the end of January, with hopes of sufficient reserves lasting through the winter. He noted that agreements with Hungary have ensured availability of fuel oil and kerosene for aviation, heating plants, and other needs.
Highlighting the importance of strategic energy investments, Vučić stated that his focus is not on short-term political gains but on securing Serbia’s energy future over the next two, five, and ten years. He emphasized that government spending should prioritize energy infrastructure to ensure long-term stability rather than immediate political benefits.
