Belgrade, Jan 1, 2026 (AFP) - Serbian president hopes for quick sale of Russian-controlled oil firm

NAMPA / AFP

2026-01-01

Serbian President Aleksandar Vucic expressed hope Thursday that Russia and Hungary could quickly wrap up the sale of a Serbian oil company caught up in Washington's sanctions against the Kremlin over the invasion of Ukraine. US sanctions on the Petroleum Industry of Serbia (NIS), which is majority-owned by Russian companies, forced the shutdown in early December of Serbia's sole oil refinery, which supplies around 80 percent of the Balkan countr......

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