International trade

Interview: Rasim Ljajić, Minister of Trade Serbia Will Not Earn with EU Sanctions Placed on Russia

Serbia "won't profit from EU sanctions"

BELGRADE -- Serbia's decision to respect the will of the EU regarding exports to Russia will not have a dramatic effect on the economy, Trade Minister Rasim Ljajić said.

Anti-dumping duties introduced by the United States have prompted concerns among Turkish steel sector representatives, who fear losing around $250 million-worth in exports, as well as knock-on effects in other markets.

Brussels welcomes PM's "constructive approach"

BRUSSELS -- The European Commission welcomes the statements by Serbian Prime Minister Aleksandar Vučić concerning exports of food to Russia.

This is according to Peter Stano, a spokesman for European Enlargement Commissioner Stefan Fule, quoted on Friday by Tanjug.

"Serbia not endangered, respects EU"

BELGRADE -- Aleksandar Vučić says Serbia respects the EU and takes seriously the message from Brussels, but is not "endangered" because of its trade relations with Russia.

BELGRADE – After standing still for a few days, the Serbian dinar dropped 0.1 percent against the euro on Friday, setting the official middle exchange rate at RSD 117.5600 for one euro, the National Bank of Serbia (NBS) has said in a release.

Serbian currency falls to new low against euro

BELGRADE -- The Serbian dinar (RSD)dropped 0.1 percent against the euro (EUR) on Friday, setting the official middle exchange rate at RSD 117.5600.

It is the national currency’s lowest since the beginning of the year. It was highest on January 1, when the middle exchange rate stood at RSD 114.6421 for one euro.

BELGRADE - The Ministry of Trade has received no reports of specific cases of goods being re-exported from the European Union to the Russian market via Serbia, minister Rasim Ljajic has told Tanjug.

Iraq said on Aug. 20 it was troubled by reports that Islamic State militants were smuggling oil to export markets and warned the purchase of such supplies could help the group fund its operations.
   

BELGRADE - Serbian Deputy Prime Minister and Minister of Foreign and Internal Trade and Telecommunications Rasim Ljajic stated on Wednesday that there are three reasons why prices should not increase, and these include low purchasing power, good agricultural year and crisis in EU-Russia relations.