General Director of Srbijagas optimistic about the US extending the deadline for imposing sanctions on NIS

The General Director of Srbijagas, Dusan Bajatovic, stated that he is optimistic regarding the extension of the deadline for the imposition of US sanctions on NIS, and that it is currently difficult to predict by how long the deadline will be extended—whether by 45 or 90 days.

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Newsmax Balkans

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19.02.2025. 12:15

General Director of Srbijagas optimistic about the US extending the deadline for imposing sanctions on NIS

Bajatovic expects that a solution will be reached, as he put it, "just in the nick of time."

Speaking about possible solutions, he mentioned that one option is to receive an unconditional delay, with a time limit, to complete talks and agreements with Russia.

"Another solution is for NIS to continue operations under certain conditions, and the third option is to allow some form of activities within the Oil Industry of Serbia, with the assumption that they will ask for it to be controlled, meaning that oil processing and the production of oil derivatives will continue in the facilities," Bajatovic said.

He stated that 80% of the derivatives sold in Serbia come from NIS, and 60% of them are in retail, adding that NIS has 12,000 employees, contributes at least 2.5% to the annual budget, and that it would be justified to extend the deadline and make an agreement.

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