The economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefits

The article explores and evaluates the dangers, advantages, opportunities, and risks for the Serbian economy stemming from its neutral stance in the Ukrainian crisis. Methods employed include content analysis of documents and official announcements, statistical description, analysis, and comparison...

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Main Author: Stanojević Nataša
Format: Article
Language:English
Published: Viša ekonomska škola Peć, Leposavić 2024-01-01
Series:Ekonomski Signali
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2024/1452-44572402019S.pdf
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author Stanojević Nataša
author_facet Stanojević Nataša
author_sort Stanojević Nataša
collection DOAJ
description The article explores and evaluates the dangers, advantages, opportunities, and risks for the Serbian economy stemming from its neutral stance in the Ukrainian crisis. Methods employed include content analysis of documents and official announcements, statistical description, analysis, and comparison of data. The research revealed an anticipated uptick in Serbia's trade with Russia, attributed to its lower energy prices. This led to increased production in various sectors, such as machinery, motor vehicles, and the electrical industry. Contrary to expectations, trade with the EU not only increased but also improved structurally, particularly in higher-value goods exports. Recommendations advocate for internal resource investment in EU-threatened industrial sectors, specifically in bolstering production of products witnessing export growth.
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publishDate 2024-01-01
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spelling doaj-art-185bedf6e0c84f47a62028b93ae1f9762025-08-20T02:17:59ZengViša ekonomska škola Peć, LeposavićEkonomski Signali1452-44572560-33022024-01-01192194010.5937/ekonsig2402019S1452-44572402019SThe economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefitsStanojević Nataša0https://orcid.org/0000-0001-5584-1040Institute of International Politics and Economics, Belgrade, SerbiaThe article explores and evaluates the dangers, advantages, opportunities, and risks for the Serbian economy stemming from its neutral stance in the Ukrainian crisis. Methods employed include content analysis of documents and official announcements, statistical description, analysis, and comparison of data. The research revealed an anticipated uptick in Serbia's trade with Russia, attributed to its lower energy prices. This led to increased production in various sectors, such as machinery, motor vehicles, and the electrical industry. Contrary to expectations, trade with the EU not only increased but also improved structurally, particularly in higher-value goods exports. Recommendations advocate for internal resource investment in EU-threatened industrial sectors, specifically in bolstering production of products witnessing export growth.https://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2024/1452-44572402019S.pdfukrainian crisisserbiainternational tradeenergy pricesenergy supplyfdi
spellingShingle Stanojević Nataša
The economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefits
Ekonomski Signali
ukrainian crisis
serbia
international trade
energy prices
energy supply
fdi
title The economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefits
title_full The economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefits
title_fullStr The economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefits
title_full_unstemmed The economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefits
title_short The economic effects of Serbian neutrality in the Ukrainian crisis: Risks and benefits
title_sort economic effects of serbian neutrality in the ukrainian crisis risks and benefits
topic ukrainian crisis
serbia
international trade
energy prices
energy supply
fdi
url https://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2024/1452-44572402019S.pdf
work_keys_str_mv AT stanojevicnatasa theeconomiceffectsofserbianneutralityintheukrainiancrisisrisksandbenefits
AT stanojevicnatasa economiceffectsofserbianneutralityintheukrainiancrisisrisksandbenefits