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.

Source