Serbia’s “knife in back” of Russia: Serbian President Aleksandar Vučić said that after the introduction of U.S. sanctions against Gazprom Neft on January 10, the Russian company should completely withdraw from the shareholders of the Serbian oil company NIS within 45 days.

https://global.espreso.tv/sanctions-russia-serbias-knife-in-back-of-russia

by Alien_P3rsp3ktiv

3 comments

  1. Highlights:

    *Serbian President Aleksandar Vučić said that the United States and the EU insist on the complete withdrawal of Russian Gazprom’s capital from the Serbian company NIS. Serbia has 45 days to fulfill this requirement, until February 25.*

    ***Currently, Gazprom Neft holds 50% of NIS shares, with another 6.15% owned by Gazprom. The Serbian government controls 29.87% of the company, while the remaining shares are held by minor shareholders.***

    *Croatian pipeline operator JANAF, through which NIS transports most of its crude oil, also announced that the sanctions will come into full effect in 45 days. During this period, measures will be implemented to adjust contracts and ensure the safe delivery of oil to Serbia.*

    – Additional sources/info: [Gazprom Neft given 45 days to exit ownership of Serbia’s NIS, president says, *Reuters, Jan. 10, 2025*](https://www.reuters.com/business/energy/gazprom-neft-given-45-days-exit-ownership-serbias-nis-president-says-2025-01-10/)

    *BELGRADE, Jan 10 (Reuters) – Following new United States sanctions against Russia’s oil sector, Gazprom Neft will be given 45 days to exit ownership of Serbian oil company NIS (NIIS.BEL)*

    *”They demand from us a complete exit of Russians from NIS, **remove, not reduce**,” Vucic said. He said the deadline for the Balkan country to close the deal with Russians could be extended to March 10, at the latest.*

    *Any deal would have to be approved by the U.S. Office of Foreign Assets Control, Vucic said.*

    *NIS, which is among the biggest contributors to Serbia’s state budget, had signed a contract with Janaf for the transport of 10 million tons of oil through Croatia from Jan. 1, 2024 until Dec. 31, 2026.*

  2. This is confusing why does it matter? It’s just corporate structuring?

  3. There’s not a lot Serbia can do in its position, but every little stab helps.

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