Accessibility links

Breaking News

Serbia Rejects Kosovo's Decision To Nationalize Mining Complex


The Trepca mining complex once accounted for two-thirds of Kosovo's economy. (file photo)
The Trepca mining complex once accounted for two-thirds of Kosovo's economy. (file photo)

Belgrade has rejected Kosovo's decision to nationalize the massive Trepca mining complex that straddles the border with Serbia.

Serbian Prime Minister Aleksandar Vucic told reporters on October 11 that Belgrade sees Pristina's decision as "null and void."

Tensions have been running high between Pristina and Belgrade after Kosovo's parliament voted on October 7 to nationalize the Trepca mining complex, located in Kosovo's northern region of Mitrovica -- which is divided between ethnic Albanians to the south of the Ibar River and mostly ethnic Serbs to the north.

It is the latest move in a long-running battle to avoid bankruptcy for the facility, which once accounted for around two-thirds of Kosovo's economy but now operates at a trickle with more than $1.5 billion in creditor claims against it. Bankruptcy proceedings could begin as soon as November 1.

But Serbia, which considers the complex its property, and Kosovo, which declared independence from Belgrade eight years ago, dispute the complicated ownership structure of Trepca.

That has left the complex in the hands of a trust with help from a United Nations body aimed at preparing it for sale.

With reporting by AFP

RFE/RL has been declared an "undesirable organization" by the Russian government.

If you are in Russia and hold a Russian passport or are a stateless person residing permanently in Russia, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.

To find out more, click here.

XS
SM
MD
LG