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Economic news / Економічні новини

News of economy, energy, trade, finance / Новини економіки, енергетики, торгівлі, фінансів

Serbia intends to find an alternative to Russian oil


Чер 25, 2022

Serbian President Aleksandar Vučić said the country must find an alternative to Russian oil due to EU sanctions.

The head of state noted that the situation with oil is difficult, since only the Oil Industry of Serbia (NIS, 56.1 percent of the company belongs to Gazprom and Gazprom Neft) operates in the country – other companies have stopped importing oil products due to loss.

According to Vučić, the government intends to find a “solution and replacement for Russian oil”, until then the filling of new storage facilities, which are located at private commercial structures, continues.

“But oil, in fact, can only come to us through the Adriatic oil pipeline (JANAF in Croatia), and they are starting to put pressure on us with oil from Kirkuk, since the Russians own 56.1 percent of NIS. Some manufacturers are already saying that they do not want to cooperate with them,” the President of Serbia said.