Gazprom-Owned Serbia Refiner Offers Changes to Beat US Sanctions

Serbian President Aleksandar Vucic said that the Russian owners of NIS AD, the country’s main oil company and the only refinery, are ready to sell a share in the company to prevent the approval of the US.

On Thursday, Vucic confirmed that Gazprom PJSC could sell a share of 11.3% in NIS to journalists in Copenhagen and allow him to start importing crude oil produced by the USA. The proposals aim to address the concerns brought to the agenda by the US external asset control office. Gazprom and oil lever together hold about 56% of the company.

“The question is whether the Americans will accept it,” Vucic said, while Russia is looking for a compromise, he added that the US stance probably reflects wider political thoughts.

US sanctions targeting the refinery have recently been postponed. They first announced in January by Biden. Measures did not come into force due to six postponement under Donald Trump’s administration.

The refinery in Pancevo, the capital of NIS, the capital of Serbia, is currently importing crude oil through the neighboring pipeline, which is an EU member of Croatia – unlike Serbia, through the Genaf Pipeline, and if the of the of off does not give any other delay, it is afraid of an approaching supply section.

Serbia offered to buy the Russians from NIS, which he sold to Gazprom in 2008, but wants to prevent it for force. The company is vital for Balkan National Fuel Market and continues to contribute to the most budget.

Interfax, Russian Foreign Ministry spokesman said in a statement on Thursday, the United States continues to negotiate with the United States, he said.

This article was created from an automatic news agency feeding without changing the text.