US waiving sanctions on Russia-owned refinery – Serbia

The temporary reprieve is set to last until late January, Belgrade has said

Serbia has secured a temporary exemption from US sanctions imposed on the nation’s only oil refinery, which is majority-owned by Russian energy giant Gazprom, Serbian Energy Minister Dubravka Dedovic has announced.

The Petroleum Industry of Serbia (NIS) said early in December it was forced to suspend operations at its only refinery due to a shortage of crude oil, triggered by the sanctions.