RFE: Serbian companies earning millions in exports to Russia

Radio Free Europe said on Wednesday that a number of Serbian companies have been earning millions by exporting goods to Russia, bypassing Western sanctions.

RFE said that it had access to data on more than 14,000 shipments of various goods to Russia after its invasion of Ukraine which showed that millions of Dollars worth of goods were shipped via Serbian companies even though the goods were on the list of productions covered by the US and European Union sanctions.

According to RFE, the Belgrade-based Kominvex alone exported goods worth more than 140 million Dollars since the war in Ukraine began, adding that about a third were electronic components which could have a military use.

It recalled that Serbia has not aligned with the sanctions policies against Russia.

RFE said that Serbian companies were used to ship state of the art technology products, including from the US INTEL and AMD. Goods were re-exported by Serbian companies from countries in eastern Asia to Russian companies which are under sanctions individually as part of the supply chain to the Russian military industry.

It said that the Serbian government and Ministries of Internal Affairs and Foreign Trade did not respond to requests for comments and that the Customs Authority is refusing to release data on exports claiming it is protecting confidential company information.

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