The United States has postponed sanctions against the oil company Naftna industrija Srbije (NIS) for the third time. About this informed Serbian President Aleksandar Vucic.
The Trump administration is postponing the imposition of sanctions against the company for the third time, this time until the end of June.
"Serbia managed to achieve a new postponement of sanctions against NIS, this time for two months, until June 27. We thank our American partners for understanding Serbia's position," Vuchich wrote on Instagram.
The majority stake in NIS is owned by Russia's Gazprom Neft and Gazprom, making it one of Russia's last remaining oil assets in Europe.
The company is crucial for Serbia's energy security as it owns the only oil refinery in Serbia.
NIS supplies about 80% of gasoline and diesel fuel in Serbia, as well as 90% or more of aviation fuel and fuel oil.
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