Serbian President Aleksandar Vucic said that the Russian owners of NIS AD, the country’s main oil company and sole refiner, are prepared to sell a stake in the company to avoid it getting sanctioned by the US.
Vucic confirmed to reporters in Copenhagen on Thursday that Gazprom PJSC may sell an 11.3% stake in NIS and allow it to start importing US-produced crude. The proposals are intended to address concerns raised by the US Office of Foreign Assets Control. Gazprom and its oil arm together hold about 56% of the company.