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EU threatens to block Russian oil supplies to Serbia

Croatian state-owned oil pipeline operator JANAF said it will halt oil supplies to Serbian oil and gas company NIS starting mid-May, due to the latest sanctions introduced by the EU against Russia.

Russia’s Gazprom owns a 56.15%-share in NIS, which is one of the largest oil and gas companies in southeast Europe. The corporation is focused on exploration, production and processing of oil and gas, as well as the production and retail of petroleum products. The Serbian government owns a 29.87% stake in the company.

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