US sanctions Archives - Doing Business in Serbia - Serbia business country gateway, companies industry sectors

NIS proposes 25% profit dividend amid ongoing U.S. sanctions threat and trading suspension

May 23, 2025

The Board of Directors of the Oil Industry of Serbia (NIS) proposed distributing 25% of the 2024 profit to shareholders as dividends, consistent with...

Serbia’s energy sector: Stability amid challenges and political uncertainty

May 1, 2025

During the entire winter, coal and electricity production remained stable, and coal stocks at depots and reserves in accumulations were at high levels, which...

NIS reports decline in profit for 2024 amid major overhaul and US sanctions

April 30, 2025

In 2024, Serbia’s oil company NIS achieved an EBITDA of RSD 44.4 billion and a net profit of RSD 10.1 billion, according to its...

Serbia’s energy sector: Reduced bills for vulnerable groups and postponed US sanctions on NIS

April 28, 2025

During her appearance on TV Pink, Minister of Mining and Energy, Dubravka Đedović Handanović, highlighted that the right to reduced electricity and gas bills...

JANAF’s oil transport license extended for 60 days amid sanctions delays

April 27, 2025

Jadranski Naftovod (JANAF) has announced that its license for transporting oil to the Oil Industry of Serbia (NIS) refinery in Pančevo has been extended...

Postponement of NIS sanctions brings relief for Serbia

April 26, 2025

Minister of Mining and Energy, Dubravka Đedović Handanović, announced that the postponement of U.S. sanctions on NIS for another two months — until June...

NIS requests another extension for sanctions delay from U.S. Treasury

April 24, 2025

The Serbian oil company, Naftna Industrija Srbije (NIS), has submitted a new request to the U.S. Department of the Treasury for a special license...

Impact of U.S. sanctions on Serbia’s oil industry: Regional supply disruptions and uncertainty in the market

April 21, 2025

The oil market in our region operates largely as a unified system, meaning that any disruption in one country will have ripple effects on...

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