Serbian President warns US, UK sanctions on Serbia's oil firm NIS could disrupt energy supplies.

Serbian President Aleksandar Vucic warned that the US and UK plan to impose sanctions on NIS, Serbia's oil company, due to its majority ownership by Russian firms Gazprom Neft and Gazprom. The sanctions, expected to take effect in January, could disrupt oil and gas supplies, as Serbia heavily relies on Russian energy. Vucic suggests Serbia may reduce Russian ownership in NIS to under 50% to avoid sanctions and is in talks with Russia to explore options.

3 months ago
28 Articles