Kristina Nagy, spokeswoman for the commission, said the sale of Serbia’s state-run NIS oil and gas company should have been transparent and had agreed-upon objective and commercial interests, Belgrade B92 radio reported Friday quoting the BBC. The Serbian government of nationalist Prime Minister Vojislav Kostunica reportedly agreed to sell a majority stake of NIS to Russia’s state-run Gazprom company for $590 million. The deal could be signed in coming weeks.

The deal was reached in direct Russian-Serbian talks without any international tender, Belgrade media said. Serbian experts in Belgrade opposed the deal, arguing the NIS value was much higher. Under the deal, Russia would reportedly take control of Serbia’s oil and gas industry, a gas pipeline and a gas underground storage. (earthtimes)