MOSCOW, October 26. /TASS/. Moscow highly values the contribution that former Serbian President and Serbian Progressive Party leader Aleksandar Vucic has made to the development of bilateral relations between Russia and Serbia, Russian Presidential Spokesman Dmitry Peskov told reporters.

"We acknowledge the results of the elections held in Serbia. We highly value the contribution that Vucic has made to the development of our bilateral relations," Peskov said.

Serbia held snap elections to the National Assembly, its unicameral parliament, on October 25. With 96.47% of the vote tally reports processed, the Republic Electoral Commission announced that United Serbia, led by former President Aleksandar Vucic, had lost to the opposition Student List, receiving 39.27% of the vote against 52.57%, respectively.