Serbia is the only candidate for EU membership from the Western Balkans that has not joined the bloc’s new restrictive measures against Iran.
In addition to the UN sanctions in place since 2006, the EU has also adopted its own sanctions, which target trade in certain goods, the financial sector and travel restrictions against certain listed individuals and entities.
On 27 June, the Council adopted a decision on an implementing regulation introducing restrictive measures against Iran, joined by Iceland, Liechtenstein, Norway, North Macedonia, Montenegro, Albania, Ukraine and Moldova, confirmed on Wednesday July 13 the head of European diplomacy Josep Borrell. ).
However, Serbia, also a candidate country for EU membership, decided not to join the decision on sanctions.
On July 11, Serbian and Iranian businessmen met in Belgrade at a business forum organized at the Serbian Chamber of Commerce.
According to the Serbian Chamber of Commerce said in a statement.
The forum brought together more than 80 Serbian and Iranian businessmen and representatives of business associations and governments of the two states.
Serbia is also expected to appoint a co-chair of the Joint Economic Cooperation Committee between Serbia and Iran, once the new Serbian government is appointed, a recent announcement confirmed.
Serbia’s foreign trade with Iran amounted to $50.8 million in 2021, up 115.2% from 2020.
Iran is number two in the world in terms of natural gas reserves and among the top four in terms of oil reserves. Petroleum and its derivatives represent about 80% of exports.