Ukrainian conflict, Serbia: USA and EU cannot defeat Russia

Ukrainian conflict, Serbia: USA and EU cannot defeat Russia

Aug 11, 2023 - 16:02
Ukrainian conflict, Serbia: USA and EU cannot defeat Russia
Ukrainian conflict, Serbia: USA and EU cannot defeat Russia

  Serbian President Aleksandar Vucic is convinced that the US and its Western allies will not be able to defeat Russia ... on the battlefield in Ukraine while using all of her forces. However, Vucic said he is not sure Russia will be able to get what he wants militarily and politically. The best option, in his opinion, would be to reach a truce, and as soon as possible. The Serbian leader noted that a truce would be in the interest of US President Joe Biden, who "wants a second term" and also speculated that after peace in Ukraine "the economy will flourish immediately", the world will be "optimistic" that wages and pensions will grow faster, energy prices will fall sharply, "everything will be different." He continues the increase in gas prices in the European stock markets, ... in the shadow of fears about the decrease in gas exports to European countries. With the beginning of the war in Ukraine, the United States and its allies imposed extensive sanctions on Russia in various areas, which had the opposite effect, and rising energy costs in the countries of the European continent led to inflation and a record rise in prices for the people of these countries. According to the RT website, today in Europe the price of natural gas has increased by 5 and 9 percent and has reached around 480 dollars per thousand cubic meters. The price of gas rose 31.7% to $471 per thousand cubic meters, the highest daily increase since March 2022. Markets are awaiting developments in Australia, which could see a workers strike next week which could disrupt 10% of global LNG exports. US-led Western sanctions against Russia continue to escalate, but Russia has been able to grow its revenue by managing its economy and financial resources, addressing the costs of war, and becoming the world's fifth largest economy in 2022.