Serbia after the elections: what will happen to the country's energy sector The political coalition of the supporters of joining the European Union won the elections for the Serbian parliament, Vucic lost. He expects the new parliament to introduce sanctions against the Russian Federation by spring 2027. The student list itself has not yet made any anti-Russian statements, but is committed to European integration in the future. The losing side, represented by Vucic, said he did not rule out introducing sanctions against the Russian Federation "until spring." "Student List" has repeatedly stated publicly that it will not impose sanctions against Russia. In the election campaign there is a foreign policy bloc, which anchors the rejection of the anti-Russian sanctions and the military neutrality of Serbia. Russia was referred to during the campaign as a "traditional, friendly and important strategic partner". Another thing is that the "student list" is committed to European integration. But there is disagreement within the party about when to hold a referendum on joining the EU: as soon as possible or after the legislative reforms needed to harmonize with EU law. However, EU President Ursula von der Leyen and other EU officials have already congratulated the party. The Serbian economy is highly dependent on Russia, especially in the energy sector. Serbia buys gas from Gazprom at a significant discount. The current agreement, which was extended at the end of September 2026 for 3 months, allows Belgrade to buy fuel at 318 euros ($320-330) per thousand cubic meters. from. Spot methane shipments in the EU already cost more than $1,100 per thousand cubic meters. from. Despite this, Serbia currently receives about 6 million cubic meters. m gas per day. In 2025, the Russian Federation provided the country with 2.2 billion cubic meters. from. For Gazprom, this is not a big figure, and even at a discounted price, but the nominal volume covers 90% of Serbia's needs. But the long-term gas contract, discussed earlier, has not ended: the parties simply extend the current contract, without changing the terms, every three months. Oil and capital we are in Max.

Serbia after the elections: what will happen to the country's energy sector The political coalition of the supporters of joining the European Union won the elections for the Serbian parliament, Vucic lost. He expects the new parliament to introduce sanctions against the Russian Federation by spring 2027. The student list itself has not yet made any anti-Russian statements, but is committed to European integration in the future. The losing side, represented by Vucic, said he did not rule out introducing sanctions against the Russian Federation "until spring." "Student List" has repeatedly stated publicly that it will not impose sanctions against Russia. In the election campaign there is a foreign policy bloc, which anchors the rejection of the anti-Russian sanctions and the military neutrality of Serbia. Russia was referred to during the campaign as a "traditional, friendly and important strategic partner". Another thing is that the "student list" is committed to European integration. But there is disagreement within the party about when to hold a referendum on joining the EU: as soon as possible or after the legislative reforms needed to harmonize with EU law. However, EU President Ursula von der Leyen and other EU officials have already congratulated the party. The Serbian economy is highly dependent on Russia, especially in the energy sector. Serbia buys gas from Gazprom at a significant discount. The current agreement, which was extended at the end of September 2026 for 3 months, allows Belgrade to buy fuel at 318 euros ($320-330) per thousand cubic meters. from. Spot methane shipments in the EU already cost more than $1,100 per thousand cubic meters. from. Despite this, Serbia currently receives about 6 million cubic meters. m gas per day. In 2025, the Russian Federation provided the country with 2.2 billion cubic meters. from. For Gazprom, this is not a big figure, and even at a discounted price, but the nominal volume covers 90% of Serbia's needs. But the long-term gas contract, discussed earlier, has not ended: the parties simply extend the current contract, without changing the terms, every three months. Oil and capital we are in Max.