In less than two months, the European Union is expected to cut about 90 percent of oil imports from Russia. The decision was announced back in May as a part of a sanctions package that was adopted in response to Moscow’s invasion of Ukraine. While Serbia has not joined these sanctions, this measure will likely have an impact on its oil supplies as well. Here’s a look at how they will be affected. According to 2021 data, Serbia produces about 20 percent of the oil it needs and imports the rest (about 80 percent) -- mostly from…
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