Future multi-role fighter for RV i PVO (a.k.a Serbian & Montenegrin AF)

[Feanor]

They're getting them cheap, supposedly, because they're the ones meant for Syria, that now can't be delivered, and a fat credit line too. But I really have to wonder about the wisdom of it. They can get used MiG-29s on the cheap, and upgrade them to a comparable level. They can even overhaul their existing MiG-29 airframes. Instead they're replacing MiG-29s with... new MiG-29s? Rosoboroneksport probably slipped it down their throat using the credit line as an incentive.

 

[Lcf]

In their condition, corrupt and in debt over their heads, finding funds within borders of the existing budged is near to impossible. As for the loan, meeting IMF's terms would be near to impossible as well which only leaves them with Russians and from their perspective its more logical to sell new equipment. Insisting on better terms from Serbian side would be possible if they were a serious country.
In any case, such acquisitions are always, to a great extent, political in nature.