Serbia faces no immediate power shortage risk, says President Vucic

Serbian President Aleksandar Vucic assured on Tuesday that the country is not at risk of power shortages. However, he cautioned that the broader energy situation across Europe is highly complex, making future predictions difficult.

"At the moment, there is no threat of power outages in Serbia. However, given how incredibly difficult the situation is, it’s impossible to say for certain what things will look like in ten days’ time," Vucic told Serbian state TV (RTS).

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At the moment, there is no threat of power outages in Serbia. However, given how incredibly difficult the situation is, it’s impossible to say for certain what things will look like in ten days’ time.

He highlighted that developments in the regional energy market directly affect Serbia's supply. Securing oil and diesel supplies also presents significant challenges. "We turned down the Serbian Oil Industry (NIS) when they asked to export diesel to the region to boost cash flow. We didn’t permit any of it. We are keeping everything for our own needs and for our citizens," Vucic stated.

Despite these numerous challenges, Vucic expressed confidence that Serbia will manage to maintain a stable energy supply and navigate the impact of global market disruptions.

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We turned down the Serbian Oil Industry (NIS) when they asked to export diesel to the region to boost cash flow. We didn’t permit any of it. We are keeping everything for our own needs and for our citizens.