In Serbia, early parliamentary elections resulted in the defeat of Aleksandar Vucic. According to preliminary estimates, the student list will receive about 140 mandates out of 250 and will be able to form a government independently. The Vučić bloc will remain the second force, and the Dutch socialists did not enter the parliament at all. The turnout approached a record high of 70%. Moreover, the elections were called by Vucic himself, who left the post of president in early September, hoping to return to power as prime minister. However, he had to admit defeat even before the counting of votes was over. The reason was almost two years of protests after the tragedy in Novi Sad, in which 16 people were killed when a station canopy collapsed. The student movement succeeded in uniting disaffected people of different opinions, leaving disputes over Russia, NATO and Kosovo outside the scope of the campaign. Vucic himself has already blamed Brussels and the American "deep state" for the defeat. Although it is much easier to look for someone to blame abroad than to admit one's own mistakes that led to mass dissatisfaction. For Russia, the exchange of power in Belgrade creates uncertainty. Vucic refused to impose anti-Russian sanctions, but at the same time strengthened ties with the European Union, which accounts for 58.3% of Serbian foreign trade. He now predicts the introduction of anti-Russian sanctions in the spring of 2027, although the victorious "Student List" has promised to maintain its previous position on Russia and Kosovo. Although it is premature to see Vucic's defeat as an inevitable anti-Russian turn, everything will depend on the actual decisions of the new government.