Ambassador: Serbia asked for EUR 1bn from Russia

Russian Ambassador Aleksandr Konuzin says Russian investment in Serbia since 2000 has topped USD 1bn and is set to rise further with the energy agreement.

Izvor: Beta

Tuesday, 09.06.2009.

10:38

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Russian Ambassador Aleksandr Konuzin says Russian investment in Serbia since 2000 has topped USD 1bn and is set to rise further with the energy agreement. Konuzin said that Moscow was considering Serbia’s request for a billion euros of financial aid sought by Serbian President Boris Tadic in a letter to Russian counterpart Dmitry Medvedev. Ambassador: Serbia asked for EUR 1bn from Russia According to the ambassador, the assistance would include EUR 200mn for the national budget, and EUR 400mn each for infrastructure projects and the Belgrade metro. “Cooperation between Serbia and Russia is good and there is potential to step that cooperation up, particularly in the energy sector,” he said, adding that the agreement on visa-free travel between the two countries would come into force on June 10. Srbijagas CEO Dusan Bajatovic said that a joint company would be formed with Gazprom for the Banatski Dvor storage facility by the end of June. After meeting with Konuzin, Bajatovic told a press conference that the reservoir would begin to be filled on July 1, which had been agreed on with Gazprom. He said that all that remained was for an agreement to be reached between Srbijagas and the Russians on the capacity at Banatski Dvor, after which the reservoir would be filled at a rate of a million cubics per day. The Srbijagas CEO said a new meeting would be held next week on increasing Srbijagas’s stake in Jugorosgas, the company jointly owned with Gazprom, without wishing to go into further details. Bajatovic said that a technical team for compiling a final version of the South Stream feasibility study would be formed later this week. “The formation of the joint company is under way and will soon be complete,” said the Srbijagas boss.

Ambassador: Serbia asked for EUR 1bn from Russia

According to the ambassador, the assistance would include EUR 200mn for the national budget, and EUR 400mn each for infrastructure projects and the Belgrade metro.

“Cooperation between Serbia and Russia is good and there is potential to step that cooperation up, particularly in the energy sector,” he said, adding that the agreement on visa-free travel between the two countries would come into force on June 10.

Srbijagas CEO Dušan Bajatović said that a joint company would be formed with Gazprom for the Banatski Dvor storage facility by the end of June.

After meeting with Konuzin, Bajatović told a press conference that the reservoir would begin to be filled on July 1, which had been agreed on with Gazprom.

He said that all that remained was for an agreement to be reached between Srbijagas and the Russians on the capacity at Banatski Dvor, after which the reservoir would be filled at a rate of a million cubics per day.

The Srbijagas CEO said a new meeting would be held next week on increasing Srbijagas’s stake in Jugorosgas, the company jointly owned with Gazprom, without wishing to go into further details.

Bajatović said that a technical team for compiling a final version of the South Stream feasibility study would be formed later this week.

“The formation of the joint company is under way and will soon be complete,” said the Srbijagas boss.

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