Serbian president hopes for quick sale of Russian-controlled oil firm

BELGRADE — 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 country’s fuel needs. While the United States has demanded the total withdrawal of Russian ownership from NIS, Belgrade said on Wednesday that Washington had granted the firm a temporary […]... Keep on reading: Serbian president hopes for quick sale of Russian-controlled oil firm