For 14 years, Serbia’s government kept the country close to Moscow. Now, the opposition “Student List” has won the country’s snap parliamentary election, and President Volodymyr Zelenskyy says Ukraine is ready to deepen its cooperation with Serbia, welcoming the result as “a new page” in a post on X.

The win could end the 14-year rule of President Aleksandar Vučić’s political force and weaken Moscow’s position in the Balkans. Serbia has remained an important Kremlin partner in Europe since Russia’s full-scale invasion of Ukraine, and Belgrade never joined the EU's sanctions against Moscow.

“A new page”

In his post, written in Ukrainian, Zelenskyy said that "changes have taken place in Serbia, the victory of the Student List, and this is clearly a new page in the history of the country and its people."

“We wish Serbia success, real development, and warm relations with the European community,” he wrote.

He said Ukraine was grateful to Serbia “for the respect shown to our people and our state, our independence,” and added: “We are ready to keep increasing our cooperation, and may all the good hopes of the people of Serbia come true.”

But the winners rule out sanctions on Russia

Vučić had earlier predicted that a new government could impose restrictions on Moscow by March or April, according to Novosti. The Student List says otherwise: it has no plans to align with the EU or to sanction Russia over the war in Ukraine, according to Reuters.

Its candidates frame Serbia’s reliance on Russian gas, with Gazprom as the largest supplier at around 2.2 billion cubic meters a year at below-market prices, as an acute economic dependency rather than a geopolitical alignment.

The movement’s top candidates have also said a future government would end all arms exports to war zones, including sales to Western intermediaries who pass weapons to Ukraine. Around €800 million worth of Serbian ammunition has reached Ukraine through that route since 2022.

Serbia has achieved something that appeared improbable only months ago. Aleksandar Vučić, who dominated the country’s political institutions for more than a decade, has acknowledged electoral defeat. A movement born from student demonstrations against corruption is now preparing to take power. Yet the most consequential struggle may only be beginning.

The parliamentary election of 25 October represents more than the rejection of an increasingly centralised political leadership. It raises a fundamental question about the Serbian state: whether the institutions shaped by Vučić’s Serbian Progressive Party (SNS) can function independently of the political organisation that controlled them.

According to preliminary figures released by Serbia’s Republic Electoral Commission, the Student List secured 52.54 per cent of the vote against 39.29 per cent for Vučić’s United Serbia coalition, with 8,077 of 8,392 polling stations counted. Projections give the students approximately 140 seats in the 250-member National Assembly, enough to govern without coalition partners.

Vučić had resigned from the presidency in September, hoping to return to power as prime minister. Instead, the election deprived him of the parliamentary majority necessary to complete that manoeuvre. His concession has substantially reduced the immediate prospect of a disputed transfer of power, although the election results still require formal certification.

But losing an election and losing control of a political system are not necessarily the same thing.

The political inheritance of the 1990s

Vučić’s political career provides important context for understanding the significance of his defeat.

He entered politics through the ultranationalist Serbian Radical Party, led by Vojislav Šešelj, and served as information minister in Slobodan Milošević’s government from 1998. During that period, Serbian authorities employed restrictive media legislation against independent newspapers and broadcasters, imposing substantial financial penalties and limiting critical reporting.

After Milošević’s removal in 2000, Vučić remained politically active. His subsequent association with the Serbian Progressive Party, formed in 2008 following a split within the Radical Party, allowed him to reposition himself as a politician promising economic modernisation and European integration.

This transformation proved remarkably successful.

The SNS came to power in 2012, and Vučić subsequently served as prime minister and president. Serbia attracted foreign investment, undertook major infrastructure projects and maintained its formal ambition of joining the European Union. At the same time, political authority became increasingly concentrated around Vučić and his associates.

The distinction between Serbia under Milošević and Serbia under Vučić should not be overlooked. The former governed during the violent disintegration of Yugoslavia and pursued policies that brought international isolation. The latter operated through electoral institutions, international economic partnerships and a declared European orientation.

Nevertheless, Vučić’s political career illustrates a continuity in personnel and political methods that Serbia’s post-2000 democratic transition never entirely resolved.

The OSCE’s assessment of Serbia’s 2023 parliamentary elections documented advantages enjoyed by the governing party, political pressure on public employees, media bias and the misuse of state resources. These findings demonstrated how electoral competition could continue while the conditions under which parties competed became increasingly unequal.

The Student List has now broken that pattern at the ballot box. Whether it can prevent its reconstruction remains uncertain.

Why the students succeeded

The immediate origins of the political upheaval lie in the November 2024 collapse of a railway station canopy in Novi Sad, which killed 16 people.

The disaster became a symbol of wider concerns about public procurement, construction oversight and political accountability. Demonstrations demanding responsibility subsequently developed into a nationwide movement challenging the government’s legitimacy.

As EU Today previously examined, the protests exposed a deeper conflict between Serbian society and institutions widely perceived by demonstrators as serving political interests rather than the public.

Unlike established opposition parties, the student movement did not depend on a familiar political leader or traditional party machinery. It mobilised university communities, academics, professionals and citizens who had previously remained outside organised political activity.

Its central demand was institutional accountability rather than a comprehensive ideological programme.

That distinction was crucial. By concentrating on corruption, democratic standards and the functioning of the state, the movement attracted voters with differing views on nationalism, foreign policy and European integration.

However, the same diversity that helped it win the election could complicate governing. Its candidates must now agree on economic priorities, ministerial appointments, foreign relations and the extent of institutional reform.

A protest movement can unite around opposition to a political leader. A government must reach agreement on decisions that inevitably divide its supporters.

Russia’s influence will not disappear with Vučić

One of the most important consequences of the election concerns Serbia’s relationship with Moscow.

Throughout his presidency, Vučić cultivated the image of a leader capable of maintaining productive relations with Brussels, Moscow and Beijing simultaneously.

Serbia continued its EU accession negotiations and benefited substantially from European investment and trade. Yet Belgrade consistently refused to join the principal European sanctions against Russia following its full-scale invasion of Ukraine.

The contradiction was particularly striking because Serbia’s economic relationship with the EU vastly outweighs its trade with Russia.

The European Commission’s assessment found that the EU accounted for 58.3 per cent of Serbia’s total trade in 2024. European markets, investment and regulatory structures have therefore become fundamental to the Serbian economy.

Vučić nevertheless preserved close political links with Moscow, benefiting domestically from nationalist sentiment and Russia’s diplomatic support for Serbia’s position on Kosovo.

He also attempted to demonstrate that relations with Russia did not preclude cooperation with Ukraine.

In June 2025, Vučić travelled to Odesa for the Ukraine–Southeast Europe Summit, where he met President Volodymyr Zelenskyy and reaffirmed Serbia’s support for Ukrainian sovereignty and territorial integrity.

Serbia provided humanitarian assistance to Ukraine but declined to sign the summit’s joint declaration. Its continuing refusal to impose sanctions on Moscow remained the most substantial distinction between Serbian policy and the EU position.

Yet a Student List government would not necessarily reverse that policy.

In September, the movement explicitly declared its opposition to imposing sanctions on Russia, referring to Serbia’s historical experience with international restrictive measures.

Vučić nevertheless predicted during his concession speech that the incoming government would introduce sanctions against Moscow by March or April. He also attributed his defeat to interference by European governments and what he called the American “deep state”, supposedly opposed to President Donald Trump.

His prediction about sanctions was therefore inconsistent with the movement’s publicly stated position.

This exposes an important misconception about Serbia’s political transformation. Opposition to Vučić does not automatically translate into support for every element of EU foreign policy. Serbian public attitudes towards Russia, Kosovo and national sovereignty extend beyond the electorate traditionally associated with the SNS.

The new government may pursue closer integration with European institutions while retaining positions that Brussels considers incompatible with membership.

The economic structures behind political influence

The challenge extends beyond diplomatic relationships.

Russia’s presence in Serbia includes strategic energy interests, notably its controlling shareholding in Naftna Industrija Srbije (NIS), which operates the country’s principal oil refinery.

American sanctions against the Russian-owned company have complicated its operations, while negotiations over the proposed acquisition of the Russian stake by Hungary’s MOL Group illustrate how energy security, foreign ownership and international sanctions have become interconnected.

For an incoming administration, reducing such dependencies will require commercial negotiations, regulatory oversight and alternative energy supplies. Political declarations cannot achieve these objectives on their own.

Equally important will be the examination of public contracts and relationships between political officeholders and businesses that benefited from government decisions.

The European Commission’s 2025 Serbia report identified persistent corruption concerns, insufficient transparency in major infrastructure procurement and weaknesses in institutional accountability.

Any investigation into alleged wrongdoing under Vučić must be independent, evidence-based and subject to judicial scrutiny. Allegations of corruption do not themselves establish criminal responsibility.

A government elected to restore the rule of law would undermine its own mandate if it replaced politically selective justice with prosecutions directed by a new political majority.

The central objective must be to ensure that prosecutors, courts and oversight bodies can investigate former as well as current officials without political interference.

Brussels faces a test of its own

For the European Union, the election provides an opportunity to reconsider its approach towards Belgrade.

For years, European institutions confronted a government that professed commitment to EU membership while resisting reforms considered essential to the accession process.

In July 2026, the European Parliament adopted a resolution stressing that Serbia’s negotiations should advance only when measurable improvements are achieved in the rule of law, judicial independence, media freedom and the fight against corruption. Parliament also called for alignment with EU sanctions against Russia.

The Student List’s victory may improve the prospects for domestic institutional reform, but the disagreement over sanctions remains unresolved. Brussels cannot assume that a new Serbian government will satisfy every accession requirement simply because it defeated Vučić.

Nor should it overlook the political significance of the result.

The movement’s strongest mandate concerns the restoration of public accountability. Supporting independent institutions, transparent procurement and genuinely competitive elections would address both Serbian public demands and longstanding EU concerns.

There is also the unresolved question of Kosovo. A change of government in Belgrade does not remove the political and constitutional difficulties surrounding relations with Pristina. The new leadership will inherit negotiations that have repeatedly stalled under previous administrations.

The EU will therefore need to distinguish between areas where rapid progress is possible and disputes that require more sustained diplomacy.

The difference between victory and democratic transition

Serbia has removed one of the central figures of its post-Yugoslav political order from government. It has not yet demonstrated that the system surrounding him can be dismantled through constitutional means.

The immediate tasks are substantial: forming an effective cabinet, protecting the independence of prosecutors, scrutinising public expenditure, reforming media regulation and ensuring that state institutions no longer operate as extensions of the governing party.

A separate presidential election must also follow Vučić’s September resignation, adding another important stage to the transition.

The greatest danger is not simply that the former governing party could eventually return to office. Electoral competition must allow that possibility in any democracy.

The more consequential danger is that the political methods associated with Vučić’s administration could survive under different leadership.

Serbia’s experience after Milošević demonstrated that removing a dominant political figure does not necessarily eliminate the structures, interests and habits of government accumulated during his rule.

The student movement has now been given an opportunity to confront that unfinished transition.

Its success will ultimately be measured not by the political fate of Aleksandar Vučić, but by whether Serbia develops institutions capable of investigating misconduct, restricting the arbitrary use of power and operating independently of whichever party wins the next election.

That would represent a more fundamental transformation than the defeat of any single political leader.

A delegation from the European Parliament has begun a three-day mission to Bosnia and Herzegovina to examine foreign interference in the country’s political institutions, electoral processes and public information environment.

The visit, taking place from 26th to 28th October, comes three weeks after parliamentary elections exposed persistent divisions over Bosnia’s political direction and its prospects of joining the European Union.

The mission is being conducted by Parliament’s Special Committee on the European Democracy Shield, chaired by French MEP Nathalie Loiseau. Its purpose is to assess vulnerabilities to disinformation, cyberattacks, economic pressure and other forms of hybrid interference, and to identify measures that could strengthen Bosnia’s institutional resilience.

According to the European Parliament’s announcement, the delegation will meet government officials, parliamentary representatives, civil society organisations, journalists and researchers. Joining Loiseau are Finnish MEP Mika Aaltola, Portugal’s Ana Catarina Mendes and Romania’s Cristian Terheş.

The investigation comes at a politically sensitive moment. Bosnia’s general election on 4th October confirmed the persistence of competing political priorities between the country’s constituent entities, with pro-Russian politician Milorad Dodik’s Alliance of Independent Social Democrats retaining considerable support in Republika Srpska.

As EU Today reported following the election, parties favouring closer European integration also performed strongly, particularly in the Bosniak-Croat Federation. The resulting political balance will influence the formation of new administrations and their ability to implement reforms demanded by Brussels.

From electoral interference to institutional security

The European Parliament’s investigation extends beyond conventional disinformation campaigns.

MEPs intend to examine how foreign actors may exploit weaknesses in electoral administration, cybersecurity, political financing and the country’s wider economic relationships. They will also consider the role of digital platforms in distributing manipulated information and the legislative gaps that could make interference difficult to identify or prosecute.

The distinction matters in Bosnia, where political influence cannot be separated from the country’s complicated constitutional arrangements.

Under the Dayton peace settlement, the state operates through institutions that distribute authority between the Federation of Bosnia and Herzegovina, Republika Srpska and the central government. Political disagreements can therefore obstruct decisions requiring cooperation between different levels of administration.

External actors seeking influence may exploit those divisions, although identifying a political relationship with a foreign government is not, by itself, evidence of unlawful interference.

The European Union has repeatedly expressed concern about Russia’s activities in the Western Balkans, particularly its relationships with political forces opposing closer integration with European institutions. Chinese investment and economic relationships also raise questions about strategic dependence, although legitimate commercial activity must be distinguished from coercion or covert political operations.

The delegation’s task is to establish which vulnerabilities can be substantiated and whether existing safeguards are adequate.

Accession negotiations remain incomplete

Bosnia received EU candidate status in December 2022. In March 2024, European leaders agreed in principle to open accession negotiations, but progress has remained conditional on institutional and legal reforms.

Following the October election, EU foreign policy chief Kaja Kallas and Enlargement Commissioner Marta Kos issued a joint statement calling for the prompt formation of new administrations and progress on judicial reform.

The Commission also highlighted shortcomings identified by international election observers, including technical difficulties, complicated voting procedures and concerns about ballot secrecy.

Those findings do not automatically establish foreign interference. They do, however, demonstrate why the integrity of electoral institutions remains central to Bosnia’s relationship with Brussels.

A test for the European Democracy Shield

The Sarajevo mission follows the EU’s decision on 13th October to include enlargement partners in the European Centre for Democratic Resilience.

The initiative is intended to improve cooperation on election security, information manipulation, crisis management and institutional protection before candidate countries enter the Union.

EU Today has previously examined the European Democracy Shield’s proposed mechanisms, including closer coordination with technology companies and improved systems for identifying foreign information operations.

Bosnia now offers a practical opportunity to examine whether those instruments can operate effectively in a country where political authority is fragmented and accession remains incomplete.

The delegation’s findings could inform recommendations on institutional cooperation, election safeguards and support for independent media. Any substantial improvement, however, will depend on the willingness of Bosnia’s authorities to implement reforms and enforce existing legislation.

For Brussels, the immediate issue is whether its emerging framework for democratic resilience can provide practical protection to candidate countries while respecting their political sovereignty and the freedoms it is intended to defend.

Serbia’s student-backed opposition has won a decisive victory in Sunday’s snap parliamentary election, according to preliminary projections, after Aleksandar Vučić conceded defeat. The result, if confirmed, would end the Serbian Progressive Party’s (SNS) 14-year hold on power and give the protest movement a majority in the 250-seat National Assembly.

Vučić said his coalition had lost, estimating that the Student List would win between 135 and 140 seats, against about 105 for his political camp. A representative sample by CESID-IPSPS pollsters put the Student List on 138 seats and the SNS on 104. The results announced by Vučić were preliminary; the official count had not been completed when he made his statement.

The independent election-monitoring organisation CRTA put the Student List on 51.47 per cent of the vote and Vučić’s “United Serbia” coalition on 40.42 per cent in its preliminary estimate. Other parties were not projected to pass the threshold for parliamentary representation, apart from lists representing national minorities, which are subject to different rules. Serbia’s Republic Electoral Commission has yet to confirm the final results.

The margin was far wider than the close contest suggested by pre-election polling. Surveys cited before the vote showed the student-backed list and Vučić’s coalition within a few percentage points of each other, with estimates varying between polling organisations. The transcript cited similar mixed projections, including polls that put the Student List ahead and one conducted by Sputnik Serbia that favoured Vučić’s bloc. The preliminary count has shifted the focus from whether the governing camp could retain its majority to how the new parliament will be formed.

Turnout was exceptionally high. CRTA estimated that 67.8 per cent of voters had participated by 7pm, while Ipsos and CESID put the figure at 67.6 per cent. The final turnout remains pending, but both estimates were well above the 58.77 per cent recorded in the December 2023 parliamentary election. CRTA’s election-day updates also documented reports of pressure on voters and irregularities at polling stations.

The Student List grew out of demonstrations that began after a concrete canopy collapsed at Novi Sad railway station in November 2024, killing 16 people. Public anger over the disaster and demands for accountability developed into a wider challenge to the government. Students organised protests and blockades, calling for action over alleged corruption and failures in the handling of the station’s renovation.

As EU Today reported before the election, the campaign grew from the protests into an electoral coalition that displaced traditional opposition parties as the central challenger to the SNS. A previous report on the protests and Serbia’s EU accession process traced how the Novi Sad disaster became a wider test of state accountability and democratic standards.

Vučić, who resigned as president during the campaign to head the ruling coalition’s list, has been central to Serbian politics since the SNS came to power in 2012. His political camp has maintained close relations with Moscow while continuing Serbia’s formal bid to join the European Union. The Student List brings together candidates from a range of civic and political backgrounds. Its electoral victory does not, by itself, settle the movement’s positions on foreign policy or Serbia’s future relations with Brussels, Moscow and Pristina.

The vote took place amid reports of intimidation, violence and procedural problems. CRTA observers said they recorded pressure on voters, election workers or observers at 29 per cent of the polling stations they monitored. They also reported ballot photographing, which can compromise vote secrecy, and filed a report over suspected vote-buying and “carousel” voting in Veternik. These are allegations and observer findings; they do not establish that the overall result was invalid.

The election campaign had already drawn scrutiny over the conditions facing the opposition. In its pre-election assessment, CRTA cited pressure on voters, use of public resources and a blurred boundary between the state and the ruling list. Those findings concern the campaign environment; election-day reports concern specific incidents at polling stations.

Vučić’s concession reduces the likelihood of an immediate dispute over which bloc won, but the final count and formal allocation of seats remain necessary. CRTA’s estimate and the projections cited by Vučić both point to the Student List clearing the 126 seats required for a majority. The formation of a government will depend on the certified results and the parliamentary process.

The Student List must now turn a broad protest coalition into a governing administration. Its candidates campaigned under a common banner, but the movement includes participants with differing views and priorities. It will have to agree on a cabinet and determine how quickly it can pursue commitments on accountability, public institutions and the economy.

The result leaves the SNS facing a new role after more than a decade in government. A movement that began after a fatal infrastructure collapse is now on course to take power through parliament. If the preliminary projections hold, the transition will be the clearest test yet of whether Serbia’s student-led opposition can convert mass mobilisation into a stable government.