Business

Russia moves to sell Serbian oil stake to Hungary as US sanctions bite

Tymon Miller
 19.01.2026, 21:11
Hungary's MOL is to acquire Gazprom Neft's 56.16% stake in NIS. (Getty Images, AP)
Hungary's MOL is to acquire Gazprom Neft's 56.16% stake in NIS. (Getty Images, AP)

The US last year targeted Serbian oil as part of measures against Russia’s energy sector.