MOSCOW, February 13. /TASS/. Serbia is developing political relations with Russia at a high level and rejects any prospect of joining current international sanctions, ambassador Slavenko Terzic told a news conference on Friday ahead of Serbia's National Day on February 15.

"Relations between the two countries are based on deep friendship between our nations and are developing in a spirit of cooperation and mutual trust," he said, while noting that the level of economic cooperation "could be even higher".

"Trade turnover between the countries has reached $3.4 billion," the diplomat said. "This is not enough. We hope that Russian investments in Serbia will increase. Besides, Russia could buy one of Serbia’s radio or television channels."