US sanctions Serbian oil major over Russia ties
George Mihalcea
Restrictions on NIS, the country’s sole refinery, could trigger a national energy crisis, President Aleksandar Vucic has warned US sanctions on Serbia’s Russian-majority-owned oil company, NIS, have been activated, prompting neighboring Croatia to halt crude deliveries and raising the risk of a shutdown at Serbia’s only refinery. Washington had granted Belgrade several temporary exemptions from restrictions imposed in January on NIS (Petroleum Industry of Serbia), in which Russia’s Gazprom and
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