Serbia faces losing access to vital oil imports on Friday as talks aimed at preventing the imposition of US sanctions on the country’s only oil refinery failed to break the deadlock, according to President Aleksandar Vučić.
The US Treasury has called on Russia’s state-owned Gazprom and its subsidiary Gazprom Neft to sell their majority stake in Serbian refinery NIS — among hundreds of other business holdings — as part of efforts to “target Russia’s primary revenue source”, or face sanctions.
The extended deadline for the Russian owners to divest from NIS expires on Friday, and Vučić said he did not expect a last-minute deal to avert the crisis.
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