Belgrade officials have confirmed that Russian shareholders in Serbia’s sole oil refinery have agreed to divest their controlling stake. This decision is expected to ease the impact of U.S. sanctions, which could otherwise lead to the closure of the refinery and disrupt the country’s energy supply.
The sale is seen as a significant step in Serbia’s efforts to comply with international sanctions while maintaining critical infrastructure. Analysts suggest that the transaction may also serve to distance Serbia from Russia, potentially improving its diplomatic relations with Western nations.