Serbian President Aleksandar Vučić has stated that the United States and the United Kingdom will soon impose sanctions on the Serbian oil company NIS, in which Russia's Gazprom holds more than 50% of the shares.

Britain and the EU would likely follow Washington in introducing sanctions against NIS, Serbian president says in TV interview.

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,

Gazprom and its subsidiary Gazprom Neft own 6.15% and 50% of NIS respectively, with the remainder of the shares belonging to the government and other smaller shareholders. #EuropeNews

Serbia's president says the United States plans to introduce sanctions against Serbia’s main gas supplier that is controlled by Russia

The United States will in the coming days introduce financial sanctions against Serbia's oil company NIS, which is majority owned by Russia's Gazprom Neft and Gazprom, President Aleksandar Vucic said on Friday.