Serbia's Vucic expects sale contract for NIS oil firm by March, Tanjug reports

Nis ad Novi Sad

13/01/2026 08:41

ATHENS, Jan 13 (Reuters) - Serbian President Aleksandar Vucic said on Tuesday he expects binding terms for the sale of U.S.-sanctioned, Russian-owned oil company NIS to be submitted to the U.S. Office of Foreign Assets Control within 48 hours, the Tanjug news agency reported.

A final contract for the stake sale by NIS's Russian owners could be completed by February or March, after which the United States might extend an operating licence for NIS, Vucic was quoted as saying in Abu Dhabi by Tanjug.

 (Reporting by Angeliki Koutantou, Editing by Louise Heavens)

 ((Email: angeliki.koutantou@tr.com, +30 210 2214608))