US sanctions Russia Serbia — A new US law imposing secondary sanctions on Russia could have significant repercussions for Serbia, according to an analysis published on September 18, 2026. The report questions how the country will weather the economic impact and what it means for its political leadership.

The analysis, titled “How will Serbia feel the blow and how does it affect Vučić?”, suggests the sanctions regime will directly challenge Belgrade’s balancing act between Western demands and its longstanding ties with Moscow. Secondary sanctions are designed to penalize third countries that continue to do business with sanctioned Russian entities.

For Serbia, a candidate for European Union membership that has refused to align with Western sanctions against Russia, the new US legislation presents a fresh dilemma. The report implies the economic pressure could force a strategic reassessment ahead of any upcoming elections.