According to an analysis by the Serbian business portal Parametar, starting November 1, 2026, Montenegro will introduce a visa requirement for citizens of Russia, Belarus, and Turkey, which could significantly impact the country’s tourism, labor market, rental sector, and real estate market.
On September 24, the Montenegrin government confirmed the initiation of the procedure to terminate the existing visa-free travel agreements with these three countries. The decision was made as part of efforts to bring the country’s visa policy into line with European Union regulations. As early as July 23, the government approved changes to the visa regime, which are set to take effect on November 1.
Until October 31, citizens of Russia and Belarus may enter Montenegro without a visa and stay there for up to 30 days. A similar visa-free regime applies to Turkish citizens. Once the new rules take effect, holders of ordinary passports will need a Montenegrin visa. Regarding Turkey, Podgorica plans to conclude a separate agreement, maintaining visa-free entry for holders of diplomatic, service, and special passports.
However, there are significant exceptions. Citizens of these countries who hold a valid Schengen, U.S., British, or Irish visa or a corresponding residence permit will, as before, be able to enter Montenegro without a separate Montenegrin visa for up to 30 days.
The new regime also does not require a tourist visa for foreigners who already hold a valid temporary or permanent residence permit in Montenegro or a permit for temporary residence and work.
According to data from the Montenegrin Ministry of the Interior cited by Parametar, as of the end of 2025, 20,793 Russian citizens and 13,506 Turkish citizens held temporary or permanent residence permits. Together, these two communities account for approximately 5.5% of the country’s population, which totals about 624,000 people.
The Belarusian community is significantly smaller. According to the latest census, as of late October 2023, 738 Belarusian citizens had permanent residence in Montenegro; more recent data on Belarusians is not currently available.
Tourism could become one of the most vulnerable sectors. In 2025, Russian tourists accounted for 16.4% of all overnight stays by foreign visitors in Montenegro, while tourists from Turkey accounted for another 4.3%. In the private accommodation segment, the Russian market’s share reached 22.1%, while the Turkish market’s share was 4.9%. Thus, these two countries accounted for more than a quarter of all foreign overnight stays in apartments, villas, and other private accommodations.
According to Parametar’s assessment, the most noticeable impact may not be among Russians and Turks who already legally reside in Montenegro, but rather among new tourists, real estate buyers, renters, and those considering the country as a place to relocate. This is particularly important for Budva, Bar, Tivat, Kotor, and Herceg Novi, where foreign demand plays a significant role in the rental, real estate, hospitality, and service markets.
The changes may also affect the labor market. In 2025, 10,346 temporary residence and work permits were issued to Turkish citizens, and 7,429 to Russian citizens. Turkey has become the largest source of foreign labor in Montenegro. The introduction of an additional visa procedure for new workers could potentially delay their recruitment in the construction, hospitality, and other sectors.
The visa reform is linked to Montenegro’s EU accession process. The country’s government notes that full alignment of visa policy is one of the conditions for closing Negotiation Chapter 24, “Justice, Freedom, and Security.” Fulfilling this condition also paved the way for receiving approximately 4 million euros under the EU Growth Plan for the Western Balkans.
As part of a broader reform of Montenegro’s visa regime, visa requirements will also apply to citizens of China and Saudi Arabia starting November 1, since Podgorica’s previous policy toward these countries was also not in line with EU regulations. However, the government’s September 24 decision to suspend international agreements directly concerns Russia, Belarus, and Turkey.
Hungary plans to meet the country’s natural gas needs without supplies from Russia by October 2027, said István Kapitány, the country’s Minister of Economy and Energy.
“If everything goes as we expect, Hungary’s gas supply will be secured from other, non-Russian sources by the deadline set by the European Union in October of next year,” the minister said in an interview with Telex published on September 18.
According to Kapitány, Hungary’s high dependence on Russian gas did not arise from a lack of technical capacity to purchase fuel from other countries. Hungary is connected by gas pipelines to several neighboring countries, and the Russian supply system was used for a long time primarily because it was considered the most cost-effective option. The minister did not specify by how much the share of Russian gas has already decreased in recent months.
The deadline is directly linked to new EU regulations. EU Regulation 2026/261 provides for the cessation of imports of Russian pipeline gas under long-term contracts after September 30, 2027. In exceptional cases, if a country is unable to ensure the required level of storage filling, the deadline may be extended to November 1, 2027.
For Hungary, the transition is particularly significant, as the state-owned MVM maintains a long-term contract with Gazprom Export for approximately 4.5 billion cubic meters of gas per year. The contract originally runs through 2036; however, MVM’s own documents note that the European ban will effectively prevent the use of Russian long-term supplies after the fall of 2027. The company is already expanding its portfolio of alternative gas sources.
LNG is becoming one of the key areas of focus. MVM ONEnergy has signed a five-year contract with the U.S.-based Chevron for approximately 2 billion cubic meters of liquefied natural gas. Deliveries under this contract are scheduled to begin on October 1, 2027, immediately after EU restrictions on Russian pipeline gas take effect.
In addition, MVM has reached an agreement with Azerbaijan’s SOCAR for the supply of 800 million cubic meters of gas over a two-year period starting in 2026.
Romania is emerging as another potential source. The development of the Neptun Deep field in Romania’s sector of the Black Sea is expected to begin production in 2027. Once it reaches full capacity, it is projected to supply approximately 8 billion cubic meters of gas per year, which will create additional opportunities for deliveries to Central Europe, including Hungary.
Thus, Captain’s statement signals a significant shift in Hungarian energy policy: Budapest, which in previous years had opposed an accelerated phase-out of Russian fuel, is now preparing its gas supply balance to meet EU requirements by the fall of 2027. At the same time, the minister emphasized that the country has sufficient gas supplies for the current heating season and that the authorities do not anticipate any problems with the physical availability of fuel.
U.S. Treasury Secretary Scott Bessent cited Ukraine’s attacks on Russian oil infrastructure as one of the causes of the global energy crisis and rising energy prices, according to The New York Times.
“We are currently experiencing an energy shock due to the war in Ukraine, as Ukraine has decided to target Russian energy assets and oil refineries, which is driving up prices globally,” Bessent said.
According to The New York Times, Bessent made this statement after two days of meetings in North Carolina with finance ministers from around the world. He cited Ukraine’s strikes on Russian oil infrastructure as one of the causes of the global energy crisis, which he said was primarily caused by the U.S. war with Iran.
The publication notes that Bessent’s remarks came after the U.S. invited Russian Finance Minister Anton Siluanov to the G20 meeting, a move that drew criticism from some of Ukraine’s allies.
Bessent also defended his bilateral meeting with Siluanov, citing the need for cooperation to resolve Russia’s war against Ukraine.
At the same time, as the American publication notes, Bessent’s criticism of Ukraine’s military tactics sparked a negative reaction among Ukrainians.
Source: https://www.nytimes.com/2026/09/03/business/bessent-energy-prices-ukraine.html
Indian Prime Minister Narendra Modi, during a meeting with Russian President Vladimir Putin in Bishkek on August 31, stated the need to move toward ending hostilities and finding a sustainable peaceful solution.
“Every day of war sets humanity back. We must work to end hostilities,” Modi said during the open part of the bilateral talks. He was referring to the ongoing Russia-Ukraine war. The Indian prime minister has consistently advocated ending it through negotiations and diplomacy. At his previous meeting with Putin at the SCO summit in Tianjin in September 2025, Modi also called for accelerating the end of the conflict and finding a long-term peaceful solution.
Modi and Putin met in Bishkek, the capital of Kyrgyzstan, on the sidelines of the 26th summit of the Shanghai Cooperation Organisation (SCO). The formal meeting of the SCO Council of Heads of State is scheduled for September 1, while on August 31 the leaders are holding bilateral meetings and participating in other summit events.
The SCO was established on June 15, 2001, in Shanghai by Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan on the basis of the so-called “Shanghai Five.” India and Pakistan became full members in 2017, Iran in 2023, and Belarus in 2024.
The SCO currently includes 10 states: Belarus, India, Iran, Kazakhstan, China, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. Their combined population exceeds 3.4 billion people, and the organisation’s countries account for about a quarter of global GDP. Afghanistan and Mongolia are observers, while another 15 countries have dialogue partner status, including Azerbaijan, Armenia, Egypt, Turkey, Saudi Arabia and the UAE.
The SCO deals with regional security issues, while the organisation itself officially stresses that it is not a military alliance. Its permanent secretariat is located in Beijing, and the Regional Anti-Terrorist Structure is based in Tashkent.
The summit in Bishkek is taking place in the year of the 25th anniversary of the SCO. The Indian government had previously said that Modi intended to use the forum to promote three New Delhi priorities — security, transport and economic connectivity, and new opportunities for cooperation.
According to the “Serbian Economist,” Serbia’s economic ties with the European Union are now significantly more extensive than its trade with Russia, while Belgrade’s main dependence on Moscow remains primarily in the energy sector, said Andon Sapundži, Serbia’s ambassador to Ukraine.
According to him, about 70% of Serbia’s exports and imports go to European Union countries, with another approximately 15% going to countries in the region that are candidates or seeking to join the EU, including Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania.
“The remaining countries account for the rest of Serbia’s foreign trade, including the United States, China, and Russia. Russia’s share is approximately 7–8%, and a significant portion of this trade consists of energy resources, primarily natural gas,” Sapundži said in an interview with “Apostrophe.”
According to him, dependence on Russian energy resources remains one of the most sensitive aspects of Serbian-Russian economic relations, which is why Belgrade is working to diversify its sources and supply routes.
Separately, the ambassador commented on the situation surrounding Serbia’s largest oil and gas company, NIS, which has come under U.S. sanctions due to Russian ownership stakes.
According to him, the process of changing NIS’s ownership structure is in full swing. Serbia is discussing the company’s future structure with Hungary’s MOL, while negotiations with Russia’s Gazprom Neft are ongoing. To finalize the deal, appropriate approvals under the U.S. sanctions regime are required, among other things.
Sapundži identified Serbia’s two main priorities as maintaining energy security and finding a long-term, sustainable ownership structure for NIS.
The company is of strategic importance to the country’s economy, as it operates Serbia’s only oil refinery in Pančevo.
At the same time, the diplomat emphasized that a change in trade structure does not mean Serbia is completely abandoning its economic relations with Russia.
Belgrade, meanwhile, continues to pursue EU accession. According to Sapundži, European integration remains a strategic priority for the country, although Serbia’s refusal to join sanctions against Russia is creating difficulties in negotiations with Brussels.
Due to reduced availability of liquefied natural gas (LNG) on the European market, Belgium switched entirely to importing this fuel from Russia in July, a move driven by supply disruptions and high gas prices, according to Bloomberg.
Total LNG shipments to Belgium in July fell by more than 40% compared to the same period last year. At the same time, the country purchased about 0.4 million metric tons of this fuel from Russia, although the volume of Russian imports was lower than in early 2026.
One reason for the increased role of Russian LNG was disruptions in fuel supplies from the Middle East due to shipping problems in the Strait of Hormuz. At the same time, most European buyers were postponing LNG purchases for winter stockpiles due to high gas prices.
“Europe received 16% more Russian LNG in the first half of 2026 compared to the same period the previous year, paying a total of 5.96 billion euros ($6.9 billion). The largest buyers were France, Belgium, and Spain,” the publication reports, citing data from the German nongovernmental organization Urgewald.
Low gas storage levels ahead of the winter season posed an additional challenge for Europe—they are the lowest for this period since records began in 2009.
According to Bloomberg, the last time Russia was the sole supplier of LNG to Belgium was in early 2021—before Russia’s full-scale invasion of Ukraine and after European economies had begun to recover from the COVID-19 pandemic.
