Friday, 9th January 2026

Vučić Says Serbia Can Buy Russian Stake in NIS, but Moscow Prefers Third-Party Sale

Serbian President Aleksandar Vučić has proposed that Serbia purchase part of the Russian stake in the Naftna Industrija Srbije (NIS), with the plan to return it once international conditions normalize.

The offer was made during a recent meeting with Alexander Dyukov, Chairman of the Board at Gazprom Neft, and Pavel Sorokin, Deputy Minister of Energy of Russia.

However, Moscow appears reluctant to accept this arrangement. Unofficial sources suggest that Russia is more inclined to sell its share to a third party, which could potentially include U.S. investors.

The move reflects ongoing strategic considerations regarding the control of key energy assets in the Balkans.

Vučić’s proposal highlights Serbia’s interest in strengthening its stake in the domestic energy sector while navigating complex international dynamics. Analysts note that any eventual deal will depend heavily on geopolitical developments and the evolving relationship between Russia, Serbia, and Western countries.

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