Financial Times FT.com

Alarm at Gazprom's Serbia move

By Neil MacDonald in Belgrade

Published: December 31 2007 02:00 | Last updated: December 31 2007 02:00

Gazprom's offer to take control of Serbia's state-owned petroleum monopoly has divided the Serbian government and sounded alarm bells about the cost of Moscow's political support.

The Russian state-run gas group aims to pay €400m ($590m, £290m) for 51 per cent of Petroleum Industry of Serbia, or NIS, without facing rival bidders.

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