Back to today’s briefing

Story perspectives

Serbia Extends Russian Gas Supply Amid Energy Security Concerns

12/23/2025

36 8 Full Breakdown

Summary

Story summary

On December 23, Serbian President Aleksandar Vucic announced a three-month extension of Russian natural gas supplies, delivering until March 31.
The move aims to maintain Serbia's energy security for the winter season.
Discussions are ongoing for Gazprom to sell its stake in Naftna Industrija Srbije to Hungary's MOL due to U.S. sanctions.
If conditions do not improve, Serbia may consider alternative oil suppliers.

1 of 1

Story summary

On December 23, Serbian President Aleksandar Vucic announced a three-month extension of Russian natural gas supplies, delivering until March 31.
The move aims to maintain Serbia's energy security for the winter season.
Discussions are ongoing for Gazprom to sell its stake in Naftna Industrija Srbije to Hungary's MOL due to U.S. sanctions.
If conditions do not improve, Serbia may consider alternative oil suppliers.