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Vučić confirms talks to sell NIS to a Hungarian company

2025-12-23 15:45:33, Kosova & Bota CNA

Vu?i? confirms talks to sell NIS to a Hungarian company

Russian energy giant Gazprom is in talks with Hungarian company MOL about a possible sale of its majority stake in NIS, Serbia's sole oil refinery, Serbian President Aleksandar Vucic said on Tuesday.

The United States announced broad sanctions targeting Russia's oil sector in January, due to Moscow's war in Ukraine, but for the NIS their implementation was delayed several times before finally coming into effect on October 8.

"We have information that Gazprom representatives are talking, among others, with the Hungarian company MOL, and we have nothing against that. The Hungarians are our friends," Vucic told reporters on Tuesday.

"We need to finish this as soon as possible, by January 15," he added.

Banks have stopped processing NIS payments due to the sanctions. Meanwhile, Croatian pipeline company JANAF has stopped supplying the refinery with crude oil.

Gazprom owns 11.3 percent of the shares in NIS, while its sanctioned subsidiary, Gazprom Neft, has 44.9 percent. The Serbian government owns 29.9 percent, while the rest belongs to small shareholders and employees.

Vucic also said that Serbia's gas supply agreement with Russia will be extended for another three months.

This Balkan country remains one of the few remaining buyers in Europe of Russian natural gas.

The Serbian government, which aims for Serbia's membership in the European Union, has faced pressure from Western countries to harmonize with EU sanctions against Russia, but has not yet taken action in this regard./REL





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