Russia's oil major Gazprom Neft said on Thursday that ?talks over the sale of its ?stake in Serbia's oil firm NIS continue and it would require more time ?to complete, Interfax news agency ?reported.
The United States imposed sanctions on ?NIS last year as it ?targeted the Russian energy sector over ?Moscow's war in Ukraine and demanded that Russia's Gazprom and Gazprom Neft divest their ?NIS shares.
"We are currently holding talks ?on the share sale. It is a ?complex ?deal and will take time to reach an agreement. The process continues," Alexander Dyukov, the head of Gazprom ?Neft was ?quoted ?as saying by Interfax at the company's shareholder meeting.
Last ?week, the U.S. Treasury's Office ?of ?Foreign Assets Control extended a licence to Hungary's energy company MOL to negotiate ?the ?purchase of a majority ?stake in Serbia's Russian-owned NIS until July 1.
(Reuters, June 25, 2026)
