**Serbia Has Enough Oil Reserves, Says President**
President of Serbia Aleksandar Vucic said that the country has enough oil reserves and will not face a crisis. He made this statement on Sunday.
**US Sanctions for NIS Expected Soon**
Vucic also said that a paper confirming US sanctions for the Serbian Oil Industry (NIS) is expected to arrive soon, either on Friday, January 10 or Monday, January 13. This was confirmed by Vucic in an interview with Radio-Television of Serbia (RTS).
**What’s at Stake**
The US will impose direct sanctions on NIS, according to the President. However, there are still some unknowns, such as whether the sanctions will affect Russian ownership or only a majority share of shares, and what deadlines will be set.
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