Last updateMon, 23 May 2016 12am

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In terms of development and higher trade turnover, Serbia has found a way to profit from Russia's embargo that continues to restrict imports from the European Union, US, Norway, Canada and Australia, Serbian Ambassador Slavenko Terzich said.

Prime Minister of Serbia Aleksandar Vucic was in Moscow to attend the talks with Russia's Prime Minister, Dmitry Medvedev. Serbia is prepared to make its accession to the European Union. However an agreement for its accession is contingent on Serbia ending its trade agreement with Russia, Medvedev said.

Konstantin Babkin, president of the Industrial Union Novoe Sodruzhestvo and owner of the machine-building plant Rostselmash, announced that his company will launch commercial sales operations at its new locations in Great Britain, Serbia and Croatia in 2016.

Nenad Budimovic, secretary of the Association of Serbia's Chamber of Commerce for Agriculture, confirmed that the total amount of agricultural and food products exported to Russia from Serbia is expected to see an on the year for 2015.

The coordinator for cooperation with Russia at the Serbian Chamber of Commerce and Industry Dejan Delic said that apple suppliers support Russia's Federal Veterinary and Phytosanitary Surveillance Service's (Rosselkhoznadzor) decision to tighten controls over shipments, according to a report by RIA Novosti. At this time, the Serbian side has one condition: to limit the time that deliveries are delayed to the Russian market.

The head of Russia's Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), Sergei Dankvert, said that making prior notification for re-export products from the European Union (EU) mandatory, is a part of the agency's future plans.

Deputy of Spravedlivaya Rossiya and Vice Speaker Nikolai Levichev said that Russia should strengthen its control over imports under the new cooperative economic agreement with with Greece. He added that the result of such an agreement could potentially allow for products grown in other countries of the European Union (EU) to reach the Russian market.

Some of Russia's largest network companies have reported that they have been able to find suppliers to replace the products restricted under the current ban, according to RIA-Novosti.

The head of Russia's Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), Sergey Dankvert, announced that the agency would take action to ban apples from Serbia after concerns that the country might have facilitated re-export from third-party countries.

Russia's Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) previously announced its concerns about Serbia's sudden increase in apple supplies to the Russian market. In response, Serbia said that the jump in exports was created by changing circumstances in the relation between Russia and the EU as well as an increased demand from Russian importers.

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