Word: industrija
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...Serbia, itself, Russia capitalized literally, on the standoff over Kosovo. In Belgrade, just a week before he became Russia's President-elect, Dmitri Medvedev supervised Serbia's signing up to a prospective Russian Southern Stream natural gas pipe-line. Serbia also sold to Russia a 51% stake of Naftna Industrija Srbija (NIS), a much prized national oil company for $614 million and the promise of a further investment of $770 million. Russia plans build a major gas storage facility in Serbia, making the country a key base for Russian energy supplies to Europe. This consolidation of ties with Serbia achieves...
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