Serbia agrees Gazprom energy deal

The Serbian government has agreed a major deal with gas giant Gazprom which increases Russia's hold on Europe's energy supply. Under the draft agreement, Russia's state-run monopoly will buy a majority stake in Belgrade's NIS oil monopoly and run a gas pipeline through Serbia. Last month, Gazprom offered 400m euros (£298m; $580m) for NIS. The EU urged Serbia to apply "objective" interests. The financial terms of the deal have not yet been disclosed. The Serbian government said it had ...

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