Gazprom’s NIS Set to Face US Sanctions, Serbian Leader Says

  • UK is likely to join in the sanctions as well, Vucic says
  • Serbia is heavily reliant on gas supplies from Russia

Storage silos at an oil and gas refinery operated by Naftna Industrija Srbije in Novi Sad, Serbia.

Photographer: Oliver Bunic/Bloomberg

Naftna Industrija Srbije, Serbia’s sole refiner and oil and gas producer that’s controlled by Gazprom’s oil arm, is set to face US and UK sanctions as soon as next month, Serbian President Aleksandar Vucic said in an interview to a local broadcaster.

“It’s been confirmed to us that the US will impose the strictest sanctions against Naftna Industrija Srbije,” Vucic told Belgrade-based Informer TV late Friday, without specifying where he got the information. “We haven’t received official papers but the US is introducing in several days complete sanctions” against NIS and “the British will join that, which means everyone,” he said, adding that the sanctions could take effect as of Jan. 1.