Vucic: Rio Tinto’s project will not continue

In his guest appearance on Prva TV, the President of Serbia, Aleksandar Vučić, pointed out that Serbia’s foreign currency reserves were 5.5 billion in 2012, and 14.3 billion today.

He also noted that Serbia has tripled its gold reserves. When asked about lithium mining by Rio Tinto, the president said:

“Permanently banning lithium research would be a crazy move because we would be giving up 100 billion euros and we would be giving up on western Serbia. Still, that project (Rio Tinto) will not continue. I’m just saying what I think. You can’t change my opinion”, he said, referring to the statement that stopping exploitation would be one of the biggest mistakes, and added: “I let irresponsible and frivolous people win – the people who had received a huge amount of money from abroad to destroy that project.”

Vucic also confirmed that pensions would go up by 20.8%, as would salaries of military staff (25% for active soldiers, 15% for people working in the Defence Ministry).

Speaking about the country’s current economic situation and the energy sector, the Serbian president said:” Everyone will enter a recession, but our economy is much stronger compared to the region’s. We may be in a difficult situation, but many others will go down before we do.”

He announced large-scale and complex reforms would be implemented in the Serbian energy sector and that Serbia lost over 10 billion euros on energy products and at least 4 billion due to the conflict in Ukraine.

(B92, 20.11.2022)

This post is also available in: Italiano

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