Serbian President Vučić Addresses Upcoming Political Movement and Sanction Concerns
President Vučić outlines plans for a new political movement while addressing the potential sanctions on Serbia's oil industry and the upcoming EXPO 2027 participation.
President of Serbia, Aleksandar Vučić, announced the launch of a new political movement aimed at rejuvenating the country's political landscape.
This initiative is set to take place from April 11 to April 13, marking the first significant public event that will introduce a new program featuring both new and established political figures.
Vučić emphasized the importance of grassroots support, stating, "It is crucial that there exists a seed that begins to sprout for the growth and success of the Serbian state, rather than its decline." He reassured the public about the continuity of support for the Serbian territories of Kosovo and Metohija, highlighting the historical bond with the Republic of Srpska.
In a separate context, Vučić mentioned that consultations regarding the formation of a new government are scheduled for Monday.
He conveyed his need for assurance of parliamentary support, stating, "As soon as they convince me they have 126 votes, I will grant them the mandate."
Additionally, Vučić addressed the impending enforcement of sanctions against the Oil Industry of Serbia (NIS).
He remarked that the 30-day grace period for these sanctions is nearing its end, and he does not anticipate further postponement.
"We have a problem with NIS.
Tomorrow the deadline expires, and sanctions will be imposed on NIS," he stated during an interview.
Despite ongoing discussions with American counterparts, there has been no change in the U.S. stance regarding sanctions, with Vučić indicating that Serbia will wait for Russia's response before taking further action if sanctions come into effect.
The NIS operates Serbia's only refinery, with a capacity of 4.8 million tons annually and is vital for meeting domestic oil needs.
The potential sanctions threaten to disrupt the supply chain significantly, as most crude oil imports come via the JANAF pipeline owned by Croatia.
Further context reveals that 87 countries have confirmed participation in the upcoming EXPO 2027, which presents significant opportunities for Serbia.
Vučić termed this participation a substantial chance for the country to showcase its potential on a global stage.
Regarding the sanctions issue, there are indications that discussions have reached an impasse, with the American administration’s approach remaining inflexible.
Reacting to the looming deadline for sanctions, Vučić acknowledged the continuation of bilateral discussions with both American and Russian authorities, seeking feasible solutions.
The majority ownership of NIS lies with the Russian companies Gazprom and Gazprom Neft, which have refused to sell their stakes despite U.S. pressures.
As the situation develops, the Serbian government is assessing strategies to mitigate the economic impact of potential sanctions on the oil sector and maintain the stability of its energy supply.
The political landscape and international relations continue to play a critical role in Serbia's approach to these challenges.
This initiative is set to take place from April 11 to April 13, marking the first significant public event that will introduce a new program featuring both new and established political figures.
Vučić emphasized the importance of grassroots support, stating, "It is crucial that there exists a seed that begins to sprout for the growth and success of the Serbian state, rather than its decline." He reassured the public about the continuity of support for the Serbian territories of Kosovo and Metohija, highlighting the historical bond with the Republic of Srpska.
In a separate context, Vučić mentioned that consultations regarding the formation of a new government are scheduled for Monday.
He conveyed his need for assurance of parliamentary support, stating, "As soon as they convince me they have 126 votes, I will grant them the mandate."
Additionally, Vučić addressed the impending enforcement of sanctions against the Oil Industry of Serbia (NIS).
He remarked that the 30-day grace period for these sanctions is nearing its end, and he does not anticipate further postponement.
"We have a problem with NIS.
Tomorrow the deadline expires, and sanctions will be imposed on NIS," he stated during an interview.
Despite ongoing discussions with American counterparts, there has been no change in the U.S. stance regarding sanctions, with Vučić indicating that Serbia will wait for Russia's response before taking further action if sanctions come into effect.
The NIS operates Serbia's only refinery, with a capacity of 4.8 million tons annually and is vital for meeting domestic oil needs.
The potential sanctions threaten to disrupt the supply chain significantly, as most crude oil imports come via the JANAF pipeline owned by Croatia.
Further context reveals that 87 countries have confirmed participation in the upcoming EXPO 2027, which presents significant opportunities for Serbia.
Vučić termed this participation a substantial chance for the country to showcase its potential on a global stage.
Regarding the sanctions issue, there are indications that discussions have reached an impasse, with the American administration’s approach remaining inflexible.
Reacting to the looming deadline for sanctions, Vučić acknowledged the continuation of bilateral discussions with both American and Russian authorities, seeking feasible solutions.
The majority ownership of NIS lies with the Russian companies Gazprom and Gazprom Neft, which have refused to sell their stakes despite U.S. pressures.
As the situation develops, the Serbian government is assessing strategies to mitigate the economic impact of potential sanctions on the oil sector and maintain the stability of its energy supply.
The political landscape and international relations continue to play a critical role in Serbia's approach to these challenges.
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