Serbia ready to buy out key energy company co-owned by Russia – president

The move is considered as the last-ditch option to avoid potential US sanctions against the company, Aleksandar Vucic says

Belgrade is ready to purchase Russia’s share in the Naftna Industrija Srbije (NIS), a key energy company in Serbia, in the wake of looming US sanctions against it, President Aleksandar Vucic has announced.

Vucic made the remarks on Sunday in an interview with Serbian national broadcaster RTS. Buying out NIS is...