September 11, 2019

Serbs Ignore EU Warning Over Plan to Join Russian-Led Trade Bloc
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Serbia’s plan to join a Russian-led economic union is drawing ire from the European Union, which the Balkan nation says it wants to be part of.The EU’s executive commission has made clear that Serbia will have to cancel any bilateral trade agreements with other countries if and when it joins the EU, and leaders said they’d rather see Belgrade aligning its policies more with the bloc’s. Serbian officials have ignored the criticism and will sign a deal to join the Eurasian Economic Union on Oct. 25. The Russian-led bloc also includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.The plan is “not a hindrance to European integration,” Serbian Trade Minister Rasim Ljajic said by email last week. The European Commission’s warning isn’t going to “affect Serbia’s decision to enter into this agreement in Moscow,” he said.The EU has no say over which groups Serbia joins while it’s not a member, but some of its representatives indicated they would like to see greater commitment to membership, especially after an EU progress report earlier this year showed that Serbia was only partially aligning its foreign and security policies with the EU’s.Serb leaders have said that EU membership is a priority, a goal they hope to achieve around the middle of next decade. At the same time, Serbia has historic and religious ties with Russia, which is helping it prevent the further recognition of Kosovo in international bodies. Additionally, Russia has donated fighter jets and tanks to Serbia and Serb leaders, including President Aleksandar Vucic, are frequent visitors to Moscow.‘European Orientation’“You can’t be marching in several directions at the same time,” Slovak Foreign Minister Miroslav Lajcak, who spent years working in the Balkans, said last month in Helsinki. “If you’re serious about your European orientation then obviously you make political decisions that bring you closer to it. This is not one of them.”The Eurasian Economic Union, established by Russian President Vladimir Putin to create a rival to the EU’s open market and help rebuild Moscow’s sphere of influence in the former Soviet Union, has four other members aside from Russia.Economists in Belgrade have also questioned the benefit of the trade membership for Serbia, whose main export markets are in western Europe, not in the east.“Russia accounts for only one quarter of what we export to Germany and Italy,” said Ivan Nikolic, an economist and member of central bank’s advisory council. “We are accessing a new market but the question is what we can offer. We are exporting food products, and fruit and vegetables, but we are not price competitive.”(Updates to add details on trading bloc in second paragraph.)To contact the reporters on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net;Misha Savic in Belgrade at msavic2@bloomberg.netTo contact the editors responsible for this story: Andrea Dudik at adudik@bloomberg.net, Michael WinfreyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Related Stories
Latest News
Top news around the world
Oscar 2020

See the list of 2020 Oscar Nominations including best picture, best actors and actresses, and more.

The 92nd Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS), will honor the best films of 2019 and will take place at the Dolby Theatre in Hollywood, Los Angeles, California.

Around the World

Celebrity News

> Latest News in Media

Watch It
Inside Teresa & Joe Giudice's Prenuptial Agreement
February 27, 2020
S2i8nducD_Q
Kendall Jenner Would Be Whose Personal Assistant?
February 27, 2020
aVHfQKmGPxA
Kim and Kourt Fight, Critics vs. Malika & Oprah Doesn't Sext - "Nightly Pop" 02/26/20 | E! News
February 26, 2020
1K7YwRVm9iQ
Maitland Ward Says Spielberg Shouldn't Worry About Daughter in Porn | TMZ
February 26, 2020
Y4meg4UC8PU
Ethan Suplee Doubts President Trump's Diet Tricks Will Work | TMZ
February 27, 2020
fLAgF-Y2BsM
Cedric the Entertainer Condemns Arrest of 6 Year Old Girl in Florida | TMZ
February 26, 2020
s8U331aglYg
Stars Celebrate Black Filmmakers at 51st NAACP Image Awards
February 24, 2020
GAtPoe6bTD8
'Mixed-ish' Star Mykal-Michelle Harris Shows Off Some TikTok Dance Moves
February 24, 2020
tfIV00OzYcE
Harvey Weinstein Found Guilty of Sexual Assault and Third-Degree Rape
February 24, 2020
Az1gWMP78Jo
Gorgeous goofball Tyler Cameron spills on first dates and worst regrets | Page Six Celebrity News
February 27, 2020
FDnaqeBesfY
How to get a 'Summer House' body starting in the winter | Page Six Celebrity News
February 26, 2020
0uLv4w_fqmU
New 'Soup' Host Quizzed On Reality TV's Wildest Moments | Page Six Celebrity News
February 20, 2020
DwNod1dBww8
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
24
Feb
ENGLAND: Premier League
Liverpool - West Ham United
23
Feb
ENGLAND: Premier League
Arsenal - Everton
23
Feb
ENGLAND: Premier League
Manchester United - Watford
23
Feb
ITALY: Serie A
Roma - Lecce
23
Feb
SPAIN: La Liga
Atletico Madrid - Villarreal
22
Feb
SPAIN: La Liga
Levante - Real Madrid
22
Feb
ITALY: Serie A
Fiorentina - AC Milan
22
Feb
ENGLAND: Premier League
Leicester City - Manchester City
22
Feb
ITALY: Serie A
Spal - Juventus
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM 5NeCb7JxaRk u5xQKdNqazE 56CdjlzJqSA kw7uFRs-Az0 xNv0JZWLV7w j_x1lr04a6Q lrYGH-drP8s
Copyright © 2020 Feedimo. All Rights Reserved.