The United States is planning to impose sanctions on Serbia's leading oil and gas company, NIS, due to its Russian ownership. Over fifty percent of the Serbian company is owned by the energy giant Gazprom,

The Petroleum Industry of Serbia, primarily owned by Russia’s Gazprom Neft and its parent company Gazprom, is Serbia’s exclusive gas supplier and controls the main pipelines delivering gas from Russia to Serbian households and industries.

By Tatyana Kekic in Belgrade The United States is set to impose sanctions on Serbia's state-owned oil company, NIS, due to its significant Russian ownership, Serbia’s President Aleksandar Vucic announced on December 13.

Serbian President Aleksandar Vucic warned on Friday that the United States plans to impose sanctions on the country's sole gas supplier in the coming days due to its Russian ownership. Petroleum Industry of Serbia (NIS),