US sanctions on Serbia’s largest oil producer, which is majority Russian-owned, will finally come into force on October 1, Serbian President Aleksandar Vucic said Thursday.

The Serbian Oil Industry (NIS) had secured repeated extensions of the measures, part of Washington’s crackdown on Russia’s energy sector over its invasion of Ukraine.

“The Americans have extended the non-imposition of sanctions for only four more days. So, from October 1, we will have sanctions imposed on the Serbian oil industry,” Vucic said in a statement.

Majority-owned by Russia’s Gazprom, NIS operates Serbia’s only refinery.

Vucic said the sanctions would have a serious impact on Serbia.

“We have been extremely fair towards our Russian and American partners. We will try to be fair, but people must know that we

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