Chepurin: Russia invested 3 bln dollars in Serbia so far

So far, Russian companies have invested 3 billion USD in Serbia, and 2017 could be the year when the trade between the two countries would return to the previous volume – said the Russian Ambassador to Serbia, Alexander Chepurin.

The Ambassador gave an opening speech at the seminar about the social and economic development of Serbia which took place at the Russian House on Thursday.

“Serbia is our strategic partner, without a doubt, and our cooperation has been going on for 800 years already”, the Ambassador added.

“In the first nine months of this year, the value of the trade between our two countries stood at 1.7 billion USD. Goods wise, it grew 3%, and financially wise, the growth was somewhat lower because of a very low price of energy products. In the same period, Serbia’s export to Russia grew by 9.1%”, Chepurin underlined.

On the other hand, the countries that imposed sanctions to Russia in 2015, have recorded a drop in trading with Russia, which includes Italy. Last year, the trading between the two countries dropped by 32.6%, and this year by further 42%.

“Serbia would not gain anything by imposing sanctions on Russia. The country would only suffer economic damage. We should be working on the economic branches that need technologically educated worker profiles like IT. The value of Russian IT export is 7 billion USD and this is where Serbia has an opportunity to cooperate with Russia”, the Ambassador concluded.

(Vecernje Novosti, 08.12.2016)

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