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The Government of the Republic of Serbia

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Foreign exchange between Serbia, Russia should be increased

Belgrade/Kazan, 5 March 2020

First Deputy Prime Minister and Minister of Foreign Affairs Ivica Dacic led the delegation of Serbia at the 18^th session of the Serbian-Russian Intergovernmental Committee for Trade, Economic and Scientific Technical Cooperation, which was held today in Kazan in the Russian Federation.

Dacic took part in the work of this body as co-chairman on the Serbian side, while on the Russian side this function is performed by Russian Deputy Prime Minister Yury Borisov.

Speaking to the press after the meeting, Dacic said that the relations between Serbia and Russia are exceptional in all spheres, starting from political relations to the economy, culture and education.

He said that a goal has been set and that is that foreign exchange reaches $4 billion, noting that last year it stood at $3.560 billion, while in 2018 it was $3.060 billion.

Therefore, in relation to two years ago, our foreign exchange has increased by $500 million, i.e. by 16 percent. We are satisfied with this trend, but we think it can be even better. Today we discussed many important topics, and we also insisted that the realisation of everything we had agreed on be speeded up, Dacic underlined.

He said that the next session of the Intergovernmental Committee will be in Serbia. Dacic also expressed gratitude to the President of the Republic of Tatarstan on exceptional hospitality with which he was received.