Denials from Serbia: WE ARE NOT PURCHASING Montenegrin highway debt

The Serbian Ministry of Finance denied allegations of certain Montenegrin media that Serbia is close to an agreement with China to buy the Montenegrin highway debt.

As it is stated, the Ministry of Finance stated with B92 that this information „is definitely not accurate“.

Recently, information appeared in certain Montenegrin media that Serbia is in final negotiations with Chinese officials to buy a loan from their Exim Bank for the construction of Bar-Boljare highway section that runs through Montenegro.

As stated at the time, in the event that Montenegro is unable to repay the loan, and Serbia and China conclude the above mentioned agreement, one of the options would be for Montenegro to lease part of the highway through its territory to Serbia, similar to Sri Lanka leasing its port to China for 99 years because it could not repay the loan it took from them.

„In that case, Serbia would become the economic master of Montenegro, which is now almost certain, considering that our economy is in a bad state,“ certain Montenegrin media reported at the time.

Izvor: B92

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