MOSCOW (Reuters) -Russia is continuing to seek a solution with Serbia regarding the Serbia-based, Russia-owned oil company NIS after the U.S. imposed sanctions on it, the Russian foreign ministry said
Russia Pursues Resolution with Serbia Over NIS Oil Sanctions
Russia's Efforts to Resolve NIS Sanction Issues
MOSCOW (Reuters) -Russia is continuing to seek a solution with Serbia regarding the Serbia-based, Russia-owned oil company NIS after the U.S. imposed sanctions on it, the Russian foreign ministry said on Thursday.
Background on NIS and Sanctions
Washington announced sanctions in January against NIS, Serbia's biggest oil importer and one of Russia's last remaining energy assets in Europe, over Moscow's 2022 invasion of Ukraine.
Impact of U.S. Sanctions on Serbia
A series of waivers, however, had delayed them until last week, when NIS said that no further postponement was forthcoming.
Waivers and Delays Explained
(Reporting by Vladimir Soldatkin; Writing by Anastasia Teterevleva; Editing by Mark Trevelyan)
