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Incumbent Serbian President Vucic Set To Win Second Term

CEE
  • President Vucic declared victory in a televised speech, with the backing of 60% of the voters (projected), while the opposition candidate Zdravko Ponos is set to get 17%.
  • While the victory has been widely expected, Vucic is now preparing to face questions over Serbia’s positioning on the Russia/Ukraine conflict.
  • Despite EU pressure, Serbia has refused to impose sanctions on Moscow as officials are not convinced that they are the 'right answer' for the moment.
  • As a reminder, Serbia dramatically relies on Russian gas with a ‘dependence’ rate of nearly 90% according to Statista (see chart).
  • Putin was among the world’s first leaders to congratulate Vucic on his victory.

Source: Statista

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