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U.S. Sanctions Threaten Serbia's Oil Supply and Operations

11/15/2025

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Summary

Story summary

U.S. sanctions on the national oil company NIS, majority-owned by Gazprom and Gazprom Neft, halt crude supplies.
The sanctions, effective since October, risk a shutdown of NIS's operations by late November.
Serbian Energy Minister Dubravka Djedovic-Handanovic said Serbia secured a three-month license to find a buyer for NIS.
Serbia's historical ties to Russia complicate nationalization, and the government will discuss next steps at an upcoming meeting.

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Story summary

U.S. sanctions on the national oil company NIS, majority-owned by Gazprom and Gazprom Neft, halt crude supplies.
The sanctions, effective since October, risk a shutdown of NIS's operations by late November.
Serbian Energy Minister Dubravka Djedovic-Handanovic said Serbia secured a three-month license to find a buyer for NIS.
Serbia's historical ties to Russia complicate nationalization, and the government will discuss next steps at an upcoming meeting.