Serbian President Aleksandar Vučić acknowledged the country’s precarious position as new U.S. sanctions threaten the future of its Russian-partnered oil company NIS and energy supplies. Vučić revealed that European and Asian investors are negotiating with Russian owners over a potential NIS takeover, and warned Serbia may be forced to pay a premium to secure the company if no outside buyer is found. The government is determined to avoid nationalization and a winter fuel crisis, even as regional partners like Croatia have already cut deliveries in compliance with U.S. and EU restrictions.
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