Story perspectives
U.S. Delays Sanctions on Serbia's Key Oil Firm Again
8/28/2025
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Story summary
- The U.S. has delayed sanctions on Serbia's Russian-owned oil company NIS for the sixth time, now until September 26, 2025.
- Serbia's energy minister aims to have NIS removed from the U.S. sanctions list.
- NIS operates Serbia's sole oil refinery in Pancevo, vital for the nation's energy supply.
- Gazprom Neft owns 44.9% of NIS, while the Serbian government holds 29.9%.
