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Serbia Considers Seizing Russian-Owned NIS Amid Sanctions

11/28/2025

27 2 Full Breakdown

Summary

Story summary

Serbia plans to amend its draft budget law to potentially take ownership of the Russian-owned NIS.
NIS is under U.S. sanctions and is majority-owned by Gazprom Neft.
Ana Brnabic, an ally of President Aleksandar Vucic, said Parliament will debate the amendments soon.
Vucic warned that NIS could shut down in four days if sanctions are not lifted, risking fuel supplies.

History

Historical Context

Since 2014, U.S. sanctions on Russia have impacted companies like Gazprom, which owns a 42.73% stake in Serbia's Naftna Industrija Srbije (NIS). Established in 1991, NIS is vital for Serbia's fuel supply. The sanctions threaten its operations, highlighting the geopolitical tensions stemming from Russia's actions in Ukraine and their implications for energy security in the region.

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Story summary

Serbia plans to amend its draft budget law to potentially take ownership of the Russian-owned NIS.
NIS is under U.S. sanctions and is majority-owned by Gazprom Neft.
Ana Brnabic, an ally of President Aleksandar Vucic, said Parliament will debate the amendments soon.
Vucic warned that NIS could shut down in four days if sanctions are not lifted, risking fuel supplies.

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