Serbia’s only oil refinery faces shutdown due to US sanctions
Serbia’s only oil refinery, Naftna Industrija Srbije (NIS), faces an imminent shutdown due to US sanctions targeting its majority Russian ownership. This situation poses a significant threat to the country’s energy security. The sanctions, enforced by the US starting October 9, 2025, target Russia’s energy sector. NIS is 51% owned by Gazprom and Gazprom Neft, […]
US Suddenly Lifts Sanctions on Bosnian Serb Leader Dodik
Washington has ended sanctions imposed on the former Republika Srpska president Milorad Dodik, his associates, family members and companies connected to them. According to Balkan Insight, in a sudden change of approach, the United States’ Office of Foreign Assets Control, lifted sanctions that had been imposed on the former president of Bosnia’s Serb-led Republika Srpska […]
US sanctions against Serbian NIS to take effect in October
President of Serbia Aleksandar Vučić stated that US sanctions against the Petroleum Industry of Serbia (NIS) is postponed for one week. Sanctions will take effect on 8-9 October. NIS ended up on the sanctions list at the start of this year due to the Russian majority ownership stake in the company, which dates back to […]
U.S. puts off sanctions on Serbia’s NIS until June 27
The U.S. Treasury Department has postponed enforcement of sanctions against Serbia’s Russian-controlled sole oil refiner NIS by two months, until June 27, NIS said. “NIS is grateful to the Government of the Republic of Serbia and all other domestic and foreign institutions that supported the request sent to the U.S. Treasury Department,” the company said […]
US postpones Serbia oil sanctions
Serbian President Aleksandar Vucic shared the official document sent to Serbia by the US Treasury Department on his social media account, stating that the US sanctions against the Serbian Oil Industry under the management of Russian ‘Gazprom Neft’ were postponed until 28 March. Vucic said, “We have 30 more days for NIS. This is good […]