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NIS to Resume Operations After 36-Day Sanction Suspension

1/5/2026

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Summary

Story summary

Naftna Industrija Srbije (NIS) will resume operations January 17 or 18 after a 36-day suspension due to U.S. sanctions.
Serbian President Aleksandar Vucic announced that the first shipment of 85,000 tons of crude oil is expected by January 15.
Production of oil derivatives is expected to start around January 25.
The United States set a March 24 deadline for Naftna Industrija Srbije to divest its Russian ownership.

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Story summary

Naftna Industrija Srbije (NIS) will resume operations January 17 or 18 after a 36-day suspension due to U.S. sanctions.
Serbian President Aleksandar Vucic announced that the first shipment of 85,000 tons of crude oil is expected by January 15.
Production of oil derivatives is expected to start around January 25.
The United States set a March 24 deadline for Naftna Industrija Srbije to divest its Russian ownership.