During the visit, the Deputy Prime Minister held a meeting of the Russian-Serbian Intergovernmental Committee on Trade, Economic, Scientific and Technical Cooperation and met with President of the Republic of Serbia Aleksandar Vucic.
Deputy Prime Minister of Russia Yury Borisov and Co-chair and Minister of Innovation and Technological Development of the Republic of Serbia Nenad Popovic held the 19th meeting of the Russian-Serbian Intergovernmental Committee on Trade, Economic, Scientific and Technical Cooperation in Zlatibor.
According to Yury Borisov, energy remains the key area of cooperation between the two countries. This year, the Serbian section of the gas pipeline connecting Turk Stream from the border of Bulgaria to the border of Hungary with the national gas transmission systems was put into operation.
“Our collaboration to complete the Serbian section of the gas pipeline and put it into operation has ensured Serbia’s energy security for the long term,” the Russian Deputy Prime Minister said following a meeting of the intergovernmental committee. “In addition to reliable and guaranteed gas supplies to Serbia, this gave it an opportunity to become a transit country and to develop new industries, including petroleum and petrochemical, which in turn will provide an additional boost to the development of the Serbian economy.”
Southeast Europe’s most advanced complex for deep oil conversion at a refinery in the town of Pancevo (capital investment was over 300 million euros) is among the completed energy projects that have been built by the joint venture NIS (56.15 percent owned by Gazprom Neft). The new equipment makes it possible to significantly increase productivity and expand the range of petroleum products.
Meeting participants discussed the prospects for Russian companies’ participation in building new, and renovating existing, energy facilities in Serbia.
Russia looks forward to increasing cooperation further in the manufacturing industry and in transport, including the implementation of a project for the construction and modernisation of the Belgrade Diameters intra-urban and suburban transport infrastructure in the Serbian capital, using Lastochka trains, which is being planned by Russian Sinara Group and Russian Railways. Serbia’s railway infrastructure is being upgraded with a state loan from Russia.
During a meeting with President of the Republic of Serbia Aleksandar Vucic, an in-depth and constructive dialogue took place on the key items on the bilateral agenda, and current and future joint projects in energy, industry and transport, to name a few, were discussed.