In this article, we analyze how the Stabilization and Association Agreement (SAA), which signalizes the overall (positive) progress and development of the potential candidate country of the post-Yugoslav space, is not straightforwardly translated as a benchmark for progress and development by the political elite. Drawing on securitization theory in order to understand the grammar of security, the wider discursive context, and the position of power and authority in RS during the analyzed period – and informed by the triangulation of content and discourse analysis – we show how the negotiations for the SAA were (mis)used in order to present both the “internal and external Other” as an existential threat for Republika Srpska. Our analysis shows that although the securitizing acts of the political elite from RS did not succeed in terms of the final outcome as the SAA was signed, certain security narratives, which are present in the contemporary sociopolitical landscape in BiH, have been constructed during this period and embedded into the wider discursive context and consolidated the position of power and authority of Milorad Dodik’s SNSD.