Vucic of Serbia says he has concluded a 3-year gas supply contract with Putin

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Serbian President Aleksandar Vucic said on Sunday he had reached a new three-year gas supply contract during a phone call with Russian President Vladimir Putin.

Serbian President Aleksandar Vucic said on Sunday he had reached a new three-year gas supply contract during a phone call with Russian President Vladimir Putin.

“I can’t talk about the price now, all the details will be agreed with Gazprom,” Vucic told reporters. Vucic said Serbia had agreed with Putin that the price of gas would be tied to the price of oil, but did not elaborate.

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Serbia’s 10-year gas supply contract with Gazprom expires on May 31.

Vucic also said he had discussed with Putin the expansion of gas storage space in the Balkan country.

“Putin said to call him if I feel there’s something else to discuss,” said Vucic, Putin’s closest ally in Europe.

Serbia, which is aiming to join the European Union, has recently come under pressure from Western countries to align its foreign policy with the bloc and impose sanctions on Russia.

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In 2008, the Balkan country handed over its gas and oil sectors to Russian companies. Gazprom Neft and Gazprom together hold a majority stake in the country’s only oil company, while Gazprom is the majority shareholder in the country’s only gas storage facility.

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