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THREAD on #Serbia and #Russia: President of #Serbia #aleksandarvučić is in #Sochi, #Russia to meet #Russia's President #VladimirPutin. The main talking point of the agenda, the price of Russian #gas for Serbia. #Serbia is entirely dependent on the import of Russian gas.
#Russia owns majority shares in NIS, Serbia's national oil and gas company, sold to Moscow below market price in 2008, in return for #Russia's protection in the #UN on #Kosovo and hoping that Moscow would construct now-defunct South Stream pipeline over Serbian territory.
The energy dependency was confirmed with the inauguration of the #TurkStream pipeline in 2021. In light of the ongoing energy crisis in Europe, the Serbian President fears the high gas prices for Serbia. The first reason is more immediate, the start of the heating season.
