fuel export ban

Fuel Export Restrictions Highlight Structural Issues in Serbia’s Energy Market

The extension of Serbia's fuel export restrictions until 2026 has been positioned as a temporary measure to stabilize the domestic market. However, it has exposed significant structural weaknesses within the country's energy system, which are not only related to supply shocks but also involve fundamental issues in market design, infrastructure capacity, and reliance on governmental policies. The rationale behind these restrictions seems clear: by curtailing exports, Serbia aims to secure domestic fuel supplies and mitigate price fluctuations. This is supplemented…