US sanctions on Balkan nation’s oil imminent – president

Serbia is facing a fuel crisis as a new last-minute waiver on Russian ownership of the NIS company is unlikely, Aleksandar Vucic has said

Serbia is unlikely to receive another US waiver from sanctions targeting its oil sector due to its partial Russian ownership, Serbian President Aleksandar Vucic said on Sunday, adding that the nation could soon face a fuel crisis.

Washington has granted Belgrade several temporary exemptions from additional restrictions it imposed in January on the NIS oil company, in which Russia’s Gazprom and Gazprom Neft together hold a majority stake. The most recent waiver, issued on October 1, is valid for just one week.

Read the full article at RT.COM