“Whatever gas agreement we sign, we will have better conditions.

If we now had only the oil formula, then the price would be between $450 and $619,” TASS quoted him as saying.

Vucic added that the price of oil is "killing" the state economy, and the conflict in Ukraine affects the interests of Serbia and will make itself felt in the form of economic consequences for another three or four years.

On April 6, the President of Serbia, in a telephone conversation with Russian leader Vladimir Putin, discussed a new gas supply agreement.

The Kremlin said that the leaders of the two countries confirmed "mutual disposition to further develop the Russian-Serbian strategic partnership, expand trade and economic ties, including in the energy sector."