Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Belgrade, September 26 (Xinhua) – The United States will impose sanctions on NIS, Serbia's largest energy company, effective October 1. Serbian President Aleksandar Vučić announced the move on Thursday, calling it "expected but unpleasant."
Speaking in New York, he noted that Serbia had become "collateral damage" in the tense relations between the US and Russia, since the Russian company Gazprom Neft owns a controlling stake in NIS.
According to Serbian broadcaster RTS, the introduction of sanctions has been postponed six times, but the latest postponement expires on September 30.
A. Vučić warned that sanctions could hinder NIS operations, including wage payments and financial transactions, as banks may refuse to cooperate.
NIS, which produces, processes, and distributes oil and gas, is a key pillar of the Serbian economy. In 2008, the Serbian government sold a 51 percent stake to Gazprom Neft, which later increased its stake.
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