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US sanctions

Lukoil to sell overseas assets, including Serbian operations, ahead of U.S. sanctions

Russian oil company Lukoil, which will come under U.S. sanctions starting November 21, has announced plans to sell its assets outside Russia — including...

Washington demands full Russian exit from Serbia’s NIS as condition for lifting sanctions

A resolution regarding Serbia’s Oil Industry (NIS) is expected by the end of this week or early next week, with Washington’s only condition for...

U.S. sanctions block crude oil shipment to Serbia, threatening operations at Pančevo Refinery

The transport of a crude oil shipment to Serbia has been blocked due to U.S. sanctions imposed on Naftna Industrija Srbije (NIS), Reuters reported,...

President stresses long-term energy strategy, seeks agreement with Russian partners amid U.S. sanctions

Serbian President Aleksandar Vučić addressed the complex energy situation in the region, emphasizing the need for long-term planning. He expressed confidence that Serbia will...

Serbia’s Oil Industry operations secure fuel supply despite U.S. sanctions, officials say

Secretary General of the Association of Oil Companies of Serbia, Tomislav Mićović, stated that there is no reason to fear a fuel shortage, expressing...

NIS halts regional operations amid U.S. sanctions, faces €350–360 million losses

Serbia’s oil company NIS initiated the sale of its regional subsidiaries two years ago, but the process has been halted due to U.S. sanctions,...

US sanctions on NIS raise concerns over DinaCard payments, but risk to Serbia’s Central Bank is limited

US sanctions on Naftna Industrija Srbije (NIS) have sparked questions about whether the use of Serbia’s domestic DinaCard at NIS gas stations could expose...

Expert on NIS sanctions: Serbia faces challenges protecting interests amid US measures

Public administration expert Mihajlo Rabrenović commented on the recent US sanctions against Naftna Industrija Srbije (NIS), emphasizing that the Serbian government is trying to protect...

Russia and Serbia seek joint solution to overcome U.S. sanctions on NIS

Moscow and Belgrade are continuing their joint efforts to find an optimal solution to overcome the challenges created by U.S. sanctions on Serbia’s oil...

Russian Ambassador: U.S. sanctions on NIS may be attempt to destabilize Serbia

Russian Ambassador to Serbia, Aleksandar Bocan-Harčenko, stated that Russia wants Serbia to have “stable gas supply at the best possible price” and emphasized that...

Debate intensifies in Serbia over potential NIS bankruptcy amid U.S. sanctions

Since the U.S. imposed sanctions on Naftna Industrija Srbije (NIS) last week, public debate in Serbia has surged over possible solutions for oil and...

Hungarian company MOL boosts oil exports to Serbia following NIS sanctions

Hungarian company MOL has already increased its oil exports to Serbia following the imposition of sanctions on NIS, Hungarian Foreign Minister Péter Szijjártó told...

President proposes Serbia temporarily buy Russian stake in NIS amid international uncertainty

Serbian President Aleksandar Vučić has proposed to a Russian delegation that Serbia temporarily buy a portion of Russia’s stake in the Naftna Industrija Srbije...

Serbia assures NIS operations will continue amid US sanctions, confirms gas reserves secured

Serbian Minister of Mining and Energy Dubravka Đedović Handanović stated that discussions between Serbia and Russia regarding US sanctions on NIS, due to the...
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