Russia-Serbia trade soars — RT Business News


Mutual trade grew more than 10% in first seven months of 2022 despite sanctions pressure

Trade turnover between Serbia and Russia has steadily increased this year, surpassing last year’s historic level, Russia’s Economic Development Ministry said in a statement on Friday.

Last year, bilateral trade turnover increased by 9.7% and reached an all-time high of $2.3 billion. After the results of the first seven months of the current year, the positive momentum remains – trade has increased by 10.2% so far,“, we read in the press release.

The Russian-Serbian intergovernmental commission on trade discussed bilateral projects in the fields of energy engineering, atomic energy and health care at a meeting on Thursday. After the meeting, Russian Economic Development Minister Maxim Reshetnikov hailed Serbia’s readiness to cooperate with Moscow despite pressure from Western sanctions.

We appreciate the position of our Serbian partners [who] maintaining an independent position in the current difficult situation“, he said, stressing the importance of quickly adapting Russian-Serbian cooperation to new realities, including updating interaction algorithms, forming reliable channels of mutual settlement and adjustment of goods and logistics chains.

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Serbian representative Nenad Popovic, Minister of Innovation and Technological Development, expressed hope for further strengthening of economic cooperation between Serbia and Russia and promised that his country would not impose sanctions on Moscow .

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