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Euronews
Euronews
Arpad Nemeth

Shortages and price rises: US sanctions Serbia's main oil supplier over Russian-majority control

NIS United States Serbia Oil Russia Aleksandar Vučić Petrol Washington D.C.

The US has sanctioned Serbia's main oil supplier, which is majority-owned by Russia, the company confirmed on Thursday.

The sanctions against the Petroleum Industry of Serbia (NIS), which employs 5,000 people, took effect at 6 am on Thursday.

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