Russian-Serbian Economic Cooperation Under Conditions of Global Uncertainty and Sanctions Confrontation

Abstract

The article examines the state of Russian-Serbian economic cooperation at the present stage, taking into account the influence of various factors, including the coronavirus pandemic, the sanctions confrontation and the geopolitical and economic situation in the world. Particular attention is paid to the crisis period of 2020–2021, during which interaction between the countries not even stopped, but in some areas intensified. Amid numerous restrictions during the pandemic, border closures, reduced trade and many other factors inhibiting business activity, none of Russia’s key projects with Serbia have been frozen or halted. So far, Serbia is the only European state that has not joined the anti-Russian sanctions policy.