Tags: serbia | sanctions | oil | firm

Serbia Secures Three-Month Reprieve on Sanctioned Oil Firm

Saturday, 15 November 2025 09:57 AM EST

Serbia has secured a three-month reprieve on the Russian-owned oil company NIS , which is under U.S. sanctions that threaten fuel supplies at the country ahead of winter, a government official said on Saturday. Serbia said this week that Russia's Gazprom Neft and Gazprom - which together hold a controlling stake of 56% in its sole oil refinr NIS had sent a request to the U.S. Treasury's Office of Foreign Assets Control (OFAC), stating readiness to cede control of the company to a third party. OFAC initially placed sanctions on Russia's oil sector, including Gazprom, in January, but for NIS they were postponed several times and finally came into effect on October 8.

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Serbia has secured a three-month reprieve on the Russian-owned oil company NIS , which is under U.S. sanctions that threaten fuel supplies at the country ahead of winter, a government official said on Saturday.
serbia, sanctions, oil, firm
113
2025-57-15
Saturday, 15 November 2025 09:57 AM
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