**Serbia Not Worried About US Sanctions on Oil Company**
Serbia has enough money in its budget to deal with the problems caused by US sanctions against the Serbian Oil Industry (NIS). This was said by Finance Minister Sinisa Mali.
The US wants to punish NIS because of its ties to Russia. But Mali says that this will not affect Serbia’s energy security. He also said that the government is waiting for an official document from the US to know what to do next.
Mali said that the government has formed a team to negotiate with the US about NIS and another team to work on a new gas deal. He assured that the country‘s economy will not be hurt by these sanctions.
**What Does This Mean?**
The US is planning to impose comprehensive sanctions on Serbia’s oil company, NIS. These sanctions are direct and specifically target NIS, not other companies with Russian ownership or financing. Serbian President Aleksandar Vucic expects to receive more information about the sanctions in the coming days.
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