European country Serbia has a three-year gas purchase agreement with Russia.
According to reports, under this agreement, Serbia will receive gas at three times lower price than other European countries.
After a telephone conversation with Russian President Vladimir Putin on May 29, Serbian President Alexander vucic announced the "extremely lucrative" agreement.
President Vucic and President Putin also discussed Ukraine and Kosovo.
On Sunday, May 29, President Alexander vuvcic told reporters that he had agreed with Russia on a "very lucrative" gas supply agreement that would last for three years.
Russia and Serbia already have a 10-year agreement that expires on Tuesday, May 31.
According to Serbian and regional media, Serbia will buy gas from Russia three times cheaper than other European countries, and this winter the price is expected to be 10 times lower than other European countries.
President vucic said that Serbia would pay 31 310 to 8 408 for 1,000 cubic meters of gas.
He said he would contact Russia's state-owned Gazprom to work out further details of the deal.
Russia also announced on Sunday that it would supply uninterrupted gas to Serbia.
The Serbian president has said that the people of Serbia will now have a safe winter in terms of gas and food.
Ukraine and Kosovo
President vucic described his talks with Putin as "very good" and said that they discussed a number of issues, including bilateral relations.
President Vucic said he had told President Putin that Serbia wanted peace in Ukraine as soon as possible, while President Putin had told him that Russia had offered an agreement to Ukraine and the West.
"Serbia is a small country to resolve such a conflict and it can only hope for peace," he said.
Asked if his talks with President Putin would not increase the pressure on his country to impose sanctions on Russia, he said Serbia is facing such pressure on a daily basis Will stand firm.
He said that there is a lot of pressure on Serbia regarding Kosovo but Serbia will stand firm on this issue as well.
Serbia is heavily dependent on Russia for gas and oil and has supported UN resolutions on Russia's invasion of Ukraine, but has rejected economic sanctions on Russia.
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