Serbian President Aleksandar Vucic said on Friday that the United States are going to blacklist the Serbian Oil Industry (NIS) in the next few days.

Speaking live on the pro-regime Informer TV, Vucic said that the US would impose sanctions against NIS because it is partly Russian-owned. He added that the UK would also impose sanctions on NIS.

He said that he does not know exactly when the sanctions would be imposed. “They have to give us a deadline…. We expected this a year and a half ago from the European Union. That didn’t happen but it’s coming from America. … This creates problems with our Russian friends, political and every other kind,” he said.

Vucic said one solution is to reduce the Russian stake in NIS to less than the current 50 percent. According to official records, Russia’s Gazpromneft owns 50 percent of NIS, Serbia owns 29.87 percent and the Russian Gazprom 6.15 percent.