Gazprom December 2006, Gazprom threatened to cease supply of gas to Belarus at 10 am Moscow time on 1 January 2007, unless Belarus increased payments from $47 to $200 per 1,000 cubic metres or to cede control over its distribution network. Some analysts suggested Moscow was penalising Alexander Lukashenko, the President of Belarus, for not delivering on pledges of closer integration with Russia, while others noted that other countries like Armenia were paying as much for their gas as Belarus would with the new price levels. Gazprom later requested a price of $105, yet Belarus still refused the agreement. Belarus responded
Economy of Serbia the government of Serbia, which provides both financial and tax incentives to companies willing to invest. Leading investor nations in Serbia include: Italy, United States, Austria, Norway, Greece and Germany. Majority of FDI went into automotive industry, food and beverage industry, machinery, textile and clothing. Blue-chip corporations making investments in manufacturing sector include: Fiat Chrysler Automobiles, Bosch, Michelin, Siemens, Panasonic, Continental, Schneider Electric, Philip Morris, LafargeHolcim, Pepsico, Coca-Cola, Carlsberg and others. In the energy sector, Russian energy giants, Lukoil and Gazprom have made large investments. The financial sector has attracted investments from Italian banks such as Intesa Sanpaolo and UniCredit,