‘Not a lot excellent news’ on US sanctions – Serbian president – INA NEWS
Serbian President Aleksandar Vucic has acknowledged forthcoming challenges concerning potential US sanctions towards Naftna Industrija Srbije (NIS), a key vitality firm in Serbia co-owned by Russian vitality large Gazprom. Following talks with US Below Secretary for Financial Progress, Vitality and the Surroundings Jose Fernandez, Vucic admitted that he didn’t have “a lot excellent news” to share.
NIS is predominantly owned by Russian vitality giants Gazprom Neft and Gazprom, which maintain 50% and 6.15% stakes respectively, whereas the Serbian authorities owns 29.87%.
In December, Vucic stated the US was planning to impose sanctions on NIS resulting from its Russian possession, with measures probably taking impact from this month. He introduced plans to interact in discussions with each US and Russian officers to make sure Serbia’s vitality safety.
Vucic beforehand stated sanctions on NIS may disrupt Serbia’s oil provide, significantly by way of a pipeline from Croatia, which is essential for the nation’s vitality wants.
In an Instagram submit on Thursday, Vucic wrote that he had “an open, sincere and tough dialog” with Fernandez.
“I will reveal the total particulars inside a couple of days. Definitely, I don’t have an excessive amount of excellent news for the residents of Serbia, however Serbia will protect its stability and vitality safety,” he acknowledged.
The Serbian chief stated two weeks in the past that he had had a phone dialog with Russian International Minister Sergey Lavrov, throughout which they agreed to arrange a gathering between consultants from each nations.
A possible resolution might be a change of the corporate’s possession construction to scale back Russian stakes under 50%, he added.
Final week, Serbian Deputy Prime Minister Aleksandar Vulin claimed that the US was planning to impose sanctions towards NIS in a bid to strain Serbia to impose restrictions towards Russia.
The proposed sanctions on NIS are a part of broader geopolitical strain on Russia amid the Ukraine battle. Many Russian firms have been slapped with Western restrictions for the reason that battle escalated in 2022.
Serbia has maintained a impartial stance on the battle and retains shut financial ties with Moscow. Belgrade has constantly refused to affix sanctions towards Russia, regardless of strain from the US and EU.
‘Not a lot excellent news’ on US sanctions – Serbian president
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