Serbian President Aleksandar Vučić says Serbia has strong energy reserves but warned that continued subsidies to control rising fuel costs could strain state finances. Speaking in Belgrade, he revealed the government is losing millions monthly due to tax cuts aimed at protecting consumers. Vučić also pushed back against European pressure to cut ties with Russia, emphasizing Serbia’s reliance on Russian gas. As global tensions disrupt oil supply routes like the Strait of Hormuz, Serbia faces mounting challenges balancing energy security, geopolitics, and economic stability.
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