• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Russia

Russians have a secret escape hatch to Europe—Serbia

By
Christopher Jasper
Christopher Jasper
,
Misha Savic
Misha Savic
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Christopher Jasper
Christopher Jasper
,
Misha Savic
Misha Savic
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 11, 2022, 7:09 AM ET
Add Fortune on Google for similar content.

Russian travelers hemmed in by airspace closures following the invasion of Ukraine are using Serbia as a backdoor route to visit resorts and cities across Western Europe.

Seat capacity between Russia and Serbia, where it has longstanding ties, surged by about 50% in the first week of March compared with pre-war levels. Onward travel to countries including France, Switzerland, Italy and Cyprus is up by almost two-thirds, according to ticketing trends specialist ForwardKeys.

Belgrade’s neutral stance over the conflict means flag carrier Air Serbia is able to serve Russia even though airlines in the European Union and Russia are barred by airspace bans from flying between the two regions. The operations provide a gateway into Europe for Russians who would otherwise have to detour via Turkey or the Persian Gulf.

Gateway to West

Air Serbia didn’t immediately respond to requests for comment. The carrier has at least doubled capacity to Moscow and St. Petersburg since the war began last month, even adding a wide-body Airbus SE A330 aircraft previously used for flights to New York, according to a sales agent at Belgrade airport.

“We have become a hub, quite unexpectedly,” the agent said, speaking on condition of anonymity. “I don’t feel good about profiting from someone’s misfortune, but this is incredible. Almost all flights are fully booked, and the price of the ticket is no issue.”

Serbian President Aleksandar Vucic has pledged to remain neutral and retain ties to Moscow despite pressure on the former Yugoslav republic to participate in sanctions as it pushes to join the EU. Both nations share cultural roots, including predominantly Slavic ethnicities and ties to the Eastern Orthodox church.

‘Everything Difficult’

Despite the airspace bans, Russians aren’t prohibited from traveling to the EU. Some surface transport links remain open, including the railway line to Finland and roads into Finland and Latvia.

One Russian bound for Moscow after working at a shipyard in Italy said he’d traveled from Rome to Belgrade after direct flights were halted, with his employer funding his ticket.

“My bank is blocked, my employer can’t transfer my salary any more,” said the man, who referred to himself only as Alexander. “Everything has become difficult. Money, visas, travel, everything.”

Serbia has jumped to fourth place for Russian transfers from 12th previously, and has become the dominant hub for accessing other European nations, ForwardKeys said. Turkey ranks first overall, providing links to Georgia, Germany, the U.K. and U.S., followed by the United Arab Emirates and Qatar, which are being used chiefly to reach U.S. and Asia-Pacific destinations.

Tracking of Air Serbia flights by FlightRadar24 show Belgrade-bound jets heading west from Moscow across the Baltic states to avoid Ukraine, before veering south over Poland, Slovakia and Hungary, all of which have severed links with Russia.

Travel from Russia via Serbia was previously focused on Montenegro, which captured 85% of the transfer market in January, aided by visa-free entry. That proportion has dropped to 40%.

Cyprus Tourism

Cyprus now draws 8% of Russians transferring in Belgrade, up from 0.3% in January. The holiday island, which is in the EU, relied on Russia for a fifth of tourists before the coronavirus crisis. France has jumped to 7% of the total, Switzerland 6% and Italy 5%, with none accounting for more than 1% previously.

Russians are also traveling to Slovenia, Austria, Germany, Spain and the U.K. via Belgrade, ForwardKeys said, with hardly any having done so in January.

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

About the Authors
By Christopher Jasper
See full bioRight Arrow Button Icon
By Misha Savic
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

One in 10 Gen Zers want their boss to be replaced by AI—they’re already being polite to ChatGPT just in case
SuccessGen Z
One in 10 Gen Zers want their boss to be replaced by AI—they’re already being polite to ChatGPT just in case
By Orianna Rosa RoyleJune 27, 2026
1 hour ago
Photo of Elon Musk
C-SuiteElon Musk
‘Don’t look at the résumé’: Elon Musk admits he’s ‘fallen prey’ to flashy credentials and says conversation matters most when hiring
By Jacqueline MunisJune 27, 2026
2 hours ago
young workers talking at their desks
SuccessGen Z
Stop blaming Gen Z for resisting RTO: 71% say they want a hybrid balance—and now they’re quietly leading the office comeback
By Sydney LakeJune 27, 2026
2 hours ago
Warren Buffett with his arm around Bill Gates
SuccessWealth
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
2 hours ago
Microsoft executive Jacob Andreou poses for a photo wearing a black suit jacket, with a tan background behind him.
AIMicrosoft
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
By Sebastian HerreraJune 27, 2026
3 hours ago
Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
InvestingFinance
Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
By Shawn TullyJune 27, 2026
4 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
2 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
3 days ago
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Economy
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
By Nick LichtenbergJune 26, 2026
1 day ago
The bond market knows something about the $39 trillion national debt that Washington doesn’t
Economy
The bond market knows something about the $39 trillion national debt that Washington doesn’t
By Eva RoytburgJune 25, 2026
2 days ago
Current price of oil as of June 26, 2026
Personal Finance
Current price of oil as of June 26, 2026
By Joseph HostetlerJune 26, 2026
23 hours ago
The richest 20% are the only ones powering the U.S. economy, says top economist, but their prospects are entirely reliant on teetering stock prices
Economy
The richest 20% are the only ones powering the U.S. economy, says top economist, but their prospects are entirely reliant on teetering stock prices
By Eleanor PringleJune 26, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.