On Jan. 10, Serbia's President Aleksandar Vucic said Russian companies were given 45 days to 45 days to exit their ownership in NIS and that any deal would have to be approved by OFAC. On Jan. 14 ...

“It’s not an easy situation for Serbia,” Vucic told Bloomberg in an interview in Belgrade on Friday, shortly after the US imposed its most aggressive sanctions on Russia’s oil industry yet.

The president has painted a somewhat apocalyptic scenario over oil deliveries. Serbian President Aleksandar Vučić has raised the alarm that the US will impose Russia-related sanctions on the Oil ...

“There will be no economic disruption if the Russian ownership is removed” from NIS, Verma said after meeting Vucic. The sanctions “target Russian aggression, they don’t target Serbia or ...

BELGRADE (Reuters) - Serbian oil company NIS, which is majority-owned by Russia's Gazprom Neft and Gazprom, has submitted a formal request to the U.S. Treasury Department for a waiver of sanctions for ...