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Vucic: Talks to prevent sanctions on country’s only oil refinery failed

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FoNet
27. mar. 2025. 18:53
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Shutterstock/OlegRi | Shutterstock/OlegRi

Serbia risks losing access to vital oil imports from Friday as discussions to prevent the imposition of US sanctions on the country's only oil refinery have failed, Serbian President Aleksandar Vucic told Financial Times, the Serbian state TV (RTS) reported.

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A waiver on sanctions is due to expire at midnight and, if not extended, the Serbian Oil Industry (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 country’s energy needs. Vucic told Financial Times that he did not expect a last-minute deal.

“We’ve been talking to the Americans, to the Russians, to everybody” about finding a solution. “We didn’t see any changes in the American attitude,” Vucic told FT.

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