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US Sanctions Threaten Serbia's Oil Supply, Refinery at Risk

10/16/2025

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Summary

Story summary

The United States sanctioned Naftna Industrija Srbije (NIS), majority-owned by Russian firms, halting crude deliveries via the JANAF pipeline.
Serbia's sole refinery could cease operations by November 1 without new deliveries.
President Aleksandar Vucic says Serbia must navigate a complex geopolitical landscape and seek a sanctions-compliant supply mechanism.
Discussions are underway on potential ownership changes in NIS to secure energy and align with EU demands amid policy scrutiny.

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Story summary

The United States sanctioned Naftna Industrija Srbije (NIS), majority-owned by Russian firms, halting crude deliveries via the JANAF pipeline.
Serbia's sole refinery could cease operations by November 1 without new deliveries.
President Aleksandar Vucic says Serbia must navigate a complex geopolitical landscape and seek a sanctions-compliant supply mechanism.
Discussions are underway on potential ownership changes in NIS to secure energy and align with EU demands amid policy scrutiny.