Belgrade, Dec 4, 2025 (AFP) - Oil refinery shutdown could cost Serbia for years, experts warn

NAMPA / AFP

2025-12-04

The fallout from the shutdown of Serbia's only oil refinery could last years, experts told AFP, putting thousands of jobs and the state's budget at risk -- as well as exposing the country to further sanctions. The Petroleum Industry of Serbia's (NIS) refinery has been unable to receive crude oil since October 9 after its Russian majority owners were swept up in US sanctions over Moscow's invasion of Ukraine. Washington is demanding a complete exi......

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