Government forms teams for long-term gas arrangement with Russia and oil industry issue

The government also formed a Coordination Body which will be in charge of the work of the two teams, headed by Prime Minister Milos Vucevic, the minister told Tanjug after the government session.

She added that the ministers will also be part of the teams and that the government will try to ensure that the effects of the announced US sanctions on NIS do not spill over negatively to the Serbian economy.

"We will also try to secure a new long-term gas supply contract with the Russians under the best conditions", said the minister.

She stressed that citizens should not worry, because the authorities will find the best possible solutions so that citizens are not endangered.

The President of Serbia said yesterday that the US Undersecretary for Economic Growth, Energy and Environment, Jose Fernandez, confirmed to him that the country would impose direct sanctions on NIS.