Serbia Hopes for Quick Sale of Russian-Controlled Oil Firm NIS
3 hours agoBusiness
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Serbia Hopes for Quick Sale of Russian-Controlled Oil Firm NIS

Serbian President Aleksandar Vučić expressed hope for a swift sale of the Russian-controlled oil company NIS. Serbia sold a majority stake to Gazprom in 2008, with significant subsequent investment. Russia had previously shown no interest in reselling its shares. NIS is crucial to Serbia's economy, employing thousands and contributing significantly to the national budget through tax revenue.

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