In Nagorno-Karabakh Fight, Serbian-Made Rockets and Links to Blacklisted Dealer – Balkan Insight

For years considered the biggest arms dealer in the Balkans, Tesic spent a decade on a United Nations black list, between 2003 and 2013, for violating a Liberian arms embargo.

According to the US Treasury, which imposed sanctions on him in 2017, “Tesic would directly or indirectly provide bribes and financial assistance to officials” in order to clinch weapons contracts.

Vectura Trans was sanctioned “for being owned or controlled by, or for acting or purporting to act for or on behalf of, directly or indirectly, Tesic”. 

“Tesic utilised Vectura Trans to receive an approved license for exports, to complete arms deals, and to finalise weapons contracts with a foreign government,” the US Treasury said in 2019.

Such findings and the US sanctions, however, have not deterred Serbian authorities from doing business with Tesic.

NIN has reported that companies controlled or owned by Tesic have bought weapons from Krusik at prices lower than those paid by state-owned firms.

EDePro, which jointly produced the G-2000 rockets with Krusik and exhibited them at an arms show in Abu Dhabi in 2017, is predominantly privately-owned. Founded in 1997, it is today run by Branislav Jojic, Milivoje Popovic, Momcilo Sljukic and Slobodan Petkovic, though the state-owned arms company Yugoimport-SDPR also holds a two per cent stake.

Though registered as dealing in “research and development in technical and technological sciences”, EDePro also holds a state permit for export and import of arms and military equipment

In May 2002, when Serbia was part of rump
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