Serbia Signs €2.7 Billion Rafale Jet Deal

Serbia has finalized a deal with France to purchase 12 Rafale fighter jets from Dassault Aviation for approximately €2.7 billion, marking a significant shift away from its traditional reliance on Russian military equipment. The agreement, reached during French President Emmanuel Macron's state visit to Belgrade, is seen as part of Serbia’s strategy to foster closer ties with the European Union, despite its historical connections to Moscow. This move comes after Serbia condemned Russia's invasion of Ukraine but has yet to impose sanctions. The deal is Serbia's largest weapons procurement since gaining independence in 2006 and includes a commitment to deliver the jets by 2029. Financing for the aircraft will occur in two payments of €420 million each in 2024 and 2025. The acquisition reflects Serbia's intent to modernize its military capabilities and diversify its defense partnerships.