Vucic: Russian gas deal extended by three more months under very favourable terms

BELGRADE - Serbian President Aleksandar Vucic said on Monday he had spoken with Russian President Vladimir Putin earlier in the day and that Serbia's natural gas deal with Russia had been extended by three more months under very favourable terms.

"We discussed literally all fields and what was extremely important to me - and I thanked President Putin for that - is that we were granted an extension of our gas agreement by three more months under very favourable terms," Vucic said in an address at the Presidency of Serbia.

He added that the terms were flexible and that the gas price would be formed according to the oil formula.