The United States has imposed secondary sanctions on Serbia's oil company NIS due to its Russian ties with "Gazprom." Washington has given Belgrade a razor-thin 45-day timeline to pull Russian capital out of NIS or face the full brunt of the sanctions. This development was confirmed by Serbian President Aleksandar Vučić. Currently, "Gazprom Neft" and "Gazprom"—entities flagged on the U.S. sanctions list—hold a controlling 56.15% stake in NIS, with Serbia owning 29.87%. President Vučić made it