Current Serbia-Russia Economic Relations: Stagnation and Fading

Nikolić, Ivan (2022) Current Serbia-Russia Economic Relations: Stagnation and Fading. In: RUSIJA i Balkan : ekonomsko, političko i kulturno prisustvo Rusije na Balkanu − položaj, uloga i značaj Republike Srbije. Institut za političke studije, Beograd, pp. 61-84. ISBN 978-86-7419-356-3

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Abstract

Paper hypothesize that warmer relations between Serbia and Russian Federation don’t lead to increases economic relations for years. Long-term stagnation is evident in trade in goods and services while investment is fading. Perhaps the sudden withdrawal of Sberbank is an act of formal reduction of engagement. Russian economic presence is anchored in the energy sector and shows little ambition to change. Good initiatives such as the implementation of the FTA between the Republic of Serbia and the EAEU appear sporadically but it is unlikely that it will significantly improve economic performances

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