Hungary’s MOL Strikes Deal to Buy Russian Majority Stake in Serbia’s Oil Firm NIS

Serbia has struck a deal for Hungary’s MOL to buy the majority Russian-owned stake in national oil firm NIS, Energy Minister Dubravka Djedovic Handanovic announced. The terms will also be sent to the Trump administration, as Belgrade seeks to strengthen its position amid US sanctions on Russia’s energy sector and safeguard operations at the Pančevo refinery.