Serbian President Aleksandar Vucic cautioned on Friday that the United States plans to impose sanctions on the nations sole gas supplier in the coming days due to its Russian ownership.Petroleum Industry of Serbia (NIS), majority-owned by Russias Gazprom Neft and its moms and dad company, Gazprom, is the only provider of gas to Serbia and the majority owner of both gas pipelines that carry gas from Russia to families and markets in Serbia.
The British are also joining the sanctions, which then implies everyone.
This is most likely among the hardest pieces of news, Vucic stated on a government-affiliated personal television station.Neither the United States nor the United Kingdom has talked about this matter so far.Serbia has preserved a close relationship with Moscow considering that the invasion of Ukraine and refuses to enforce sanctions, although it is an EU candidate nation.
I think this belongs to more comprehensive geopolitical pressure on Russia, Vucic said.He specified that if the choice were executed, it would be an extreme blow to Serbia, which greatly counts on Russian gas and is presently negotiating a brand-new arrangement, as the current one expires in March 2025.
We need to await the final act.
Discussions with Russia lead us.
Well see if the ownership can be lowered to listed below 50 percent so we can purchase a part of it, Vucic stated, specifying that the choice on sanctions will work from January 1.
Gazprom Neft owns 50 percent of NIS, Gazprom 6.15 percent and 29.9 percent is owned by the Republic of Serbia, according to NISs website.The remaining shares belong to Serbian citizens, employees, previous employees, and other minority investors.