Serbia does not like the new proposed price for gas from Russia

Serbian President Aleksandr Vucic said that the gas price announced by Russia does not suit Belgrade, RIA Novosti reports.

Serbia does not like the new proposed price for gas from Russia

Moscow has proposed a new formula for calculating the cost of gas: 1000 cubic meters from the new year should cost $790, but they are not satisfied with this price, the Serbian leader said.

Now, under the current contract, Serbia receives gas from Russia at $270 per 1,000 cubic meters, but the current contract expires at the end of the year.

“We were offered that the price of gas would consist of 70% of the price on the stock exchange and 30% of it calculated according to the oil formula. Then it turns out that the price will be $ 790 dollars per 1000 cubic meters. Who will pay for it, who will pay for it? Therefore, my meeting with Vladimir Putin on November 25 is very important for us”, Vucic emphasized.

The Serbian leader stressed that Belgrade will insist on the price at the rate of 70% according to the oil formula, and 30% according to the exchange value.

“Then the price for us would be $510. But we cannot pay for this either”, said Aleksandr Vucic.

He also clarified that now there are about 268 million cubic meters of gas in the storage facilities, but the daily consumption in the country is growing from 6.5 to 8 million cubic meters per day, which significantly reduces reserves.

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