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US sanctions Serbia/announces punitive measures for NIS

2025-10-09 17:41:00, Kosova & Bota CNA

US sanctions Serbia/announces punitive measures for NIS

The US has introduced sanctions against NIS, the main Serbian oil company, in which Gazprom Neft, the Russian state oil company, has a majority stake.

NIS stated on Thursday that it failed to delay the imposition of sanctions, but despite this, it said it has enough reserves to export for the short term.

The US Treasury's Office of Foreign Assets Control on January 10 of this year imposed sanctions on Russia's oil sector and gave Gazprom Neft a deadline to relinquish its ownership of NIS, but the Russians did not do so.

Serbia depends almost entirely on Russian gas and oil, which it receives mainly through pipelines in Croatia and other neighboring countries./CNA





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