All assets of the Avala Film, co-producer of the movie, which include 370,000m2 of land, 21,500m2 of ruined studios and office spaces in Belgrade and the vault with more of 200 features was sold for 8 million euros in 2015. The concern was expressed that "movie rights will fall into the hands of those not willing to use them, meaning such films might never be seen again". Now, the buyer wants to build a huge complex worth several hundred million euros on this land but it is still waiting for someone else to pay for the digitization.
BTW, the recent critic of the movie in the Serbian:
https://crippledcorner.blogspot.com/2020/07/poslednji-obracun.html
Thanks for the info, djvaso.

It's always disappointing to see how some people treat film as something totally disposable.
Unbelievably, it's relatively frequent to hear about negatives of genre films (especially indie exploitation films) being thrown away in the US by labs and storage spaces. Just a few months ago, I read about someone who ended up rescuing a few negatives from a dumpster on the back of a lab (the reels of one of the films ended up irrevocably damaged in the process, since the cans were open, inside a garbage container, in the sun).
If the current owners have no interest in doing anything, or monetizing those films, at least they should consider parting with them for a minimal fee.
I'm sure the Fondazione Cineteca Italiana would be more than happy to store and preserve these films.