Belgrade, Nov 15, 2025 (AFP) - US says Serbian oil firm must end Russian ownership: minister

NAMPA / AFP

2025-11-15

The United States will not lift crippling sanctions on Serbian oil company NIS unless Belgrade terminates the firm's majority-Russian ownership, Serbia's energy minister said Saturday, warning the country faced "difficult" decisions. Washington sanctioned Petroleum Industry of Serbia (NIS) as part of its crackdown on the Russian energy sector after Moscow's invasion of Ukraine in 2022. The sanctions have hit hard in Serbia, which analysts say is......

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