US to sanction Serbia’s main oil company – Vucic — RT World News

US is about to slap sanctions on Serbia’s oil and gasoline firm NIS as a consequence of its Russian possession, the nation’s president Aleksandar Vucic has mentioned.

“We bought affirmation that within the subsequent few days, the US will introduce sanctions towards NIS due to Russian possession,” Vucic mentioned in an interview with Serbian broadcaster Informer TV. Nonetheless, Belgrade nonetheless hadn’t acquired an “official paper with particulars” from Washington, he added.

NIS, the Serbian vitality firm, is predominantly owned by the Russian company Gazprom. In 2022, the Gazprom Neft firm, which participated within the privatization of the most important oil firm within the Western Balkans in 2008, lowered its stake in NIS to 50%, whereas Gazprom acquired 6.15%.

President Vucic additionally expects the UK to hitch the sanctions, “which suggests everybody,” he added in the course of the interview. “I feel that is a part of broader geopolitical strain on Russia,” he concluded.

After Gazprom Neft lowered its stake in NIS in 2022, Vucic mentioned that the republic’s authorities could possibly be pressured to purchase out or insist on promoting Gazprom Neft’s stake within the firm to a 3rd get together sooner or later, to guard themselves from the affect of anti-Russia sanctions.

Each Vucic and his cupboard have repeatedly highlighted the hypocrisy and double requirements of the West. They insist on upholding Ukraine’s borders whereas concurrently demanding that Serbia acknowledge the breakaway area of Kosovo as an unbiased state ruled by NATO-backed ethnic Albanians.

Serbia is formally dedicated to becoming a member of the EU however the bloc has made its membership conditional on sanctioning Russia and on recognizing Kosovo, amongst different necessities, which Vucic has declared he won’t ever settle for.

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