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Serbia faces losing access to oil imports as sanctions deadline looms, FT reports https://www.byteseu.com/869586/ #Markets #Serbia
Bytes Europe · Serbia faces losing access to oil imports as sanctions deadline looms, FT reportsMarch 27 (Reuters) - Serbia faces the risk of losing access to vital oil imports on Friday as discussions to prevent the imposition of sanctions on the country's sole oil refinery failed, President Aleksandar Vucic told the Financial Times on Thursday. A waiver on sanctions is due to expire at midnight, and if it is not extended NIS, majority-owned by Russia's Gazprom Neft and Gazprom, could face crude supply cuts. NIS operates Serbia's only oil refinery, which has annual capacity of 4.8 million tons and covers most of the Balkan country's needs. Vucic told the newspaper on Thursday that he