Serbia's NIS fate hinges on Russia-Hungary talks amid sanctions pressure

The June agreement on Serbia's NIS (Oil Industry of Serbia) has unraveled, with the company's future now tied to negotiations between Russia's Gazpromneft and Hungary's MOL. The deal's collapse reflects ongoing Western sanctions on Russian energy assets, and the outcome will determine NIS's ownership and operational viability. Uncertainty remains over whether a compromise can be reached that satisfies both sanctions compliance and Russian interests.

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