Due to the sanctions imposed on import from Western countries, Russia is asking for a greater amount of Serbian goods, and some economists believe that this will lead to shortage in food supplies in Serbia, which will result in a sudden increase of food prices.

Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications of the Republic of Serbia Rasim Ljajić says that even if we sell all domestic goods, prices would not rise, because the European market has a surplus of products because of the Russian sanctions, which means that the prices in Serbia will be low.

“Merchants will import large quantities of goods from EU countries probably at cheaper prices than they are now. We will have an overstock despite exporting larger quantities of agricultural food products than before. So the increase of exports will be substituted by the excess of imports”, said Ljajić.