Investing.com -- Serbian President Aleksandar Vucic said the country was unable to secure a renewal of the operating license for oil refiner NIS on Monday, as U.S. partners requested additional information to temporarily lift sanctions.
"The sanctions are affecting our country, deeply, strategically, and in every way," Vucic stated in a speech.
The Serbian leader indicated that the country has only Tuesday or Wednesday to obtain the necessary license and revealed that officials are in discussions with neighboring countries to increase supplies.
Vucic warned of severe consequences if sanctions relief is not granted, saying, "If US doesn’t lift sanctions, our systems will be endangered, including the health sector, retail sector, food supplies and the whole life in Serbia will be at risk."
The NIS refinery is currently operating in maintenance mode, a status that can be maintained only until Saturday, according to Vucic.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.