Gazprom has transferred its stake in Serbia's NIS to a subsidiary as Belgrade considers renewing a Russian gas deal despite EU opposition.
Russia's Gazprom has transferred its stake in Serbian national hydrocarbons firm NIS in a move aimed at avoiding US sanctions as Belgrade seeks to renew a piped gas contract for Russian volumes next month.
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Russia's state-owned company Gazprom Neft to be forced out of Serbia's NIS after imposition of Western sanctions.
According to the company, the required corporate and regulatory procedures are being implemented now
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