Sanctions and the Sale of NIS: "It's Complicated, You Can't Believe How Much," Says Vučić
5 Articles
5 Articles
The company Naftna Industrija Srbije has been under US sanctions for almost a year, and for now there is no end in sight to the negotiations on the purchase and sale of the majority Russian share in it.
He added that the situation is complicated and that everyone has their own geostrategic and geopolitical interests.
For almost a year, the Oil Industry of Serbia (NIS), the lifeblood of the entire Serbian economy, has been in a state of 'neither in heaven nor on earth', and it is uncertain when this problem will be solved. At the beginning of October 2025, America imposed sanctions on NIS due to its majority Russian ownership, and in recent months, negotiations between the Russian side and the Hungarian oil giant MOL on the purchase and sale have been ongoing…
The President of Serbia and holder of the "United Serbia" electoral list, Aleksandar Vučić, said this morning that the sale of the Russian majority stake in the Oil Industry of Serbia (NIS) to the Hungarian company "MOL" no longer depends on the state, adding that it is ready and has done its job. "Everything we had to do - we did. I think now [...]
"There is no doubt that the Russians, on the one hand, would like to keep it under their control. There is no doubt that the Americans would like the Russians not to keep it, but at the same time they are thinking whether it is better for a European country to take it or for them to take it," Vučić said.
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