Serbia’s Vucic warns oil refinery faces shutdown as US sanctions bite

Pancevo, the country’s only oil refinery, now on ‘hot standby’ as Vucic faces tricky prospect of seizing Russian asset.

By News Agencies

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Serbian President Aleksandar Vucic has warned that the country’s only oil refinery will shut down in four days if the United States does not lift sanctions that were imposed over its majority Russian ownership in connection with the Ukraine war.