Russia

UB - Serbian Prime Minister Aleksandar Vucic said Friday that Serbia could not impose sanctions on Russia because it would lose at least EUR 1 billion.

Croatia’s agriculture business expects to suffer some pain as a consequence of the Russian food import ban, which the Kremlin imposed this week in retaliation to EU and US sanctions imposed on Russia in connection to the crisis in Ukraine.

The two teams that left Romania in the Mongol Rally - Mamaliga (Polenta) Warriors and Dracula Khan - this weekend reached Turkmenistan and Kyrgyzstan, respectively, and their journey included a visit to a body shop in Georgia, meeting other teams in the rally, continual driving to the border between Tajikistan and Kyrgyzstan for 36 hours and a lunch served in a yurt.

Experts in Serbia say Russia’s new embargo on EU food imports creates an opportunity for the Serbia to increase sales to the Russian market.

“Cruel as it may sound, there is no sympathy on the trading market. This is a big chance for Serbia, the best we had in 14 years,” Milan Prostran, an economic expert, told BIRN.

Serbia "not equipped" to take part in new Cold War

BELGRADE -- FM and First Deputy PM Ivica Dačić says "Serbia does not want to participate in any war, even in a cold one, because it is neither equipped nor capable."

Three Romanian teams - C2M 500, K4W 500 and K1W 1000 - advanced to the finals of the 2014 ICF Canoe Sprint World Championship in Moscow after successful performances in the Thursday's semifinals.

Russia has banned most food imports from the West in retaliation for sanctions over Ukraine, raising Turkey’s hopes of boosting its exports to the country, which will turn to alternative suppliers.

Greece could lose almost 180 million euros if Russia goes ahead with a one-year ban it announced on Thursday on food imports from the European Union but Athens was hopeful that a number of local products would be exempted from the embargo.

Coca-Cola HBC AG, the second-largest bottler of Coca-Cola Company brands, on Thursday reported a net profit slide of 11 percent in the six-month period ending June 27.

Income fell to 99 million euros from 111 million a year earlier. Net sales revenue declined 6 percent to 3.183 million from 3.381 million in the same period.

The Azerbaijani army has reportedly killed 47 Armenian soldiers in recent clashes, as President Ilham Aliyev visited a frontline zone near the disputed Nagorno-Karabakh region.