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Market
Total value of Serbian ammunition sold to Western countries by end of 2024
5
Resolution / Starting Odds
Less than €1 billion • 33%
€1 billion to €1.5 billion • 33%
More than €1.5 billion • 33%
Official trade records from Serbia or importing countries
Story
Serbia Discreetly Boosts €800 Million Ammunition Sales to Ukraine via Western Intermediaries
Jun 22, 2024, 03:13 PM
Serbia has been discreetly increasing its sales of ammunition to Western countries, which subsequently ends up bolstering Ukraine's defense. Despite being one of only two European countries not to join Western sanctions against Russia, Serbia has exported nearly €1 billion worth of ammunition, including mortars, grenade launchers, and rockets for MLRS, to Ukraine through intermediaries since February 2022. Serbian President Aleksandar Vučić confirmed the accuracy of the €800 million figure cited by various sources, stating that Serbia's contracts with countries such as the USA, Spain, and the Czech Republic are a business opportunity. Vučić emphasized that Serbia is not concerned with the final destination of the ammunition and is not taking sides in the conflict.
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Similar markets
Less than €1 billion • 25%
€1 billion to €2 billion • 25%
€2 billion to €3 billion • 25%
More than €3 billion • 25%
EU country • 25%
Russia • 25%
China • 25%
Other • 25%
Turkey • 25%
United States • 25%
Germany • 25%
Other • 25%
Less than €10 billion • 33%
€10 billion to €12 billion • 33%
More than €12 billion • 33%
Yes • 50%
No • 50%
Less than $2 billion • 25%
$2 billion to $4 billion • 25%
$4 billion to $6 billion • 25%
More than $6 billion • 25%
Small arms ammunition • 25%
Artillery shells • 25%
Mortar rounds • 25%
Other • 25%
Strengthened military cooperation • 25%
Maintained current level of cooperation • 25%
Reduced military cooperation • 25%
No significant change • 25%