Investing.com -- Russian authorities are in negotiations with companies from the United Arab Emirates and Hungary regarding the potential sale of Russia’s stake in Serbian oil refiner NIS, according to Serbian President Aleksandar Vucic.
Vucic indicated that he is only aware of part of the list of potential buyers that Russia is considering. He stated that Russia likely needs approximately 50 more days to identify a buyer for its stake in the Serbian refinery.
The Serbian president noted that only after Russia completes its search for a buyer will Serbia consider the option of "nationalizing" the company.
In addition, Vucic renewed his appeal to the United States to extend the NIS license. He expressed his view that there is a 50% chance of receiving a positive decision from U.S. authorities on this matter.
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