Russian President Vladimir Putin, right, and Serbian President Aleksandar Vucic shake hands during their meeting in Sochi, Russia, Thursday, Nov. 25, 2021. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
SOCHI, Russia (AP) — Russian President Vladimir Putin said Thursday that Moscow would continue providing natural gas to Serbia on terms favorable to its ally.
Putin voiced confidence that a new contract for gas supplies to Serbia would be signed quickly to replace the current one that expires at year-end.
“We will find a solution that would definitely be acceptable to our Serbian friends,” Putin said at the start of talks at his Black Sea residence in Sochi with visiting Serbian President Aleksandar Vucic,
Putin also noted that Russia would continue to staunchly support Serbia amid recent tensions with Kosovo.
“We support your position on the Kosovo settlement, and I hope that the situation will eventually evolve in a way that would conform to the interests of all people living in the region,” he said.
Kosovo was a Serb province until a 1998-1999 insurrection by ethnic Albanian rebels sparked a bloody Serbian crackdown. That pushed NATO to carry out a 78-day bombing campaign to force Serbian troops out of Kosovo. The war left more than 10,000 people dead. Kosovo declared independence in 2008, but Serbia hasn’t recognized it. Kosovo-Serbia ties remain tense despite a European Union-facilitated dialogue over the past decade to normalize them.
Vucic hailed close ties between Serbia and Russia and particularly noted a high level in defense cooperation.
Although formally seeking EU membership, Serbia has refused to align its foreign policies with the 27-nation bloc and has instead strengthened its alliance with Russia and China.7 E-Commerce Stocks That Aren’t Tangled in the Supply Chain
E-commerce is being identified as a prime contributor to our current supply chain difficulties. Flush with cash during the pandemic, many Americans took to shopping online as part of their new normal. Demand quickly outpaced supply, particularly as many factories were dealing with labor shortages due to Covid-19 restrictions.
While that may oversimplify the problem with the global supply chain, there’s little doubt that e-commerce transactions have made an impact. In fact, e-commerce was one of the fastest-growing segments of the economy prior to the Covid-19 pandemic. It’s part of the continuing digitization of the economy. And that makes it a segment that investors can’t afford to ignore.
Just how much of an impact does e-commerce make? In 2020 alone, there were 454 billion transactions worldwide totaling $4.2 trillion in sales. But that only tells part of the story. As big as that number is, it makes up less than 20% (17.8%) of all retail sales worldwide. A large number of those transactions go through Amazon (NASDAQ: AMZN).
However, if you missed out on buying Amazon when it was still “just” an online bookseller, you may find a share price of over $3,000 per share a little tough to swallow. That’s why we’ve put together this special presentation. We’ve identified seven companies that are likely to perform well despite the current supply chain crisis and have business models that will be sustainable even when supply and demand get back into balance.
View the "7 E-Commerce Stocks That Aren’t Tangled in the Supply Chain"