US EditionThe US sanctions Serbia’s main oil supplier, which is controlled by Russia
Sanctions on Petroleum Industry of Serbia, which supplies over 80% of the country's fuel, risk disrupting multiple sectors due to Russian majority ownership, US Treasury confirmed.
- The United States has imposed sanctions on Serbia's main oil supplier, which is controlled by Russia, as announced on Thursday.
- Serbia is heavily reliant on Russian gas and oil supplies, primarily provided through pipelines in neighboring states.
- The Petroleum Industry of Serbia stated that it could not delay the U.S. sanctions, risking its oil and gas deliveries.
- Serbia has not joined Western sanctions against Russia, as it seeks European Union membership while depending on Russian energy resources.
68 Articles
68 Articles
Serbia's largest oil company is Russian. Due to US sanctions, he no longer gets oil from Croatia. President Vučić hopes for an agreement – between Trump and Putin.
US Sanctions Cut Crude to Serbia’s Only Refinery; Pancevo Faces November Shutdown
Serbia’s sole oil refinery in Pancevo has been cut off from pipeline crude after US sanctions against the Petroleum Industry of Serbia (NIS), the country’s main oil supplier, took full effect on October 9, according to SeeNews. Croatian pipeline operator Janaf said it “will not be able to continue executing its crude oil supply contract with NIS” following the end of a temporary waiver, while adding it is “actively work[ing]… on exploring possib…
NE Iowa Publishing
Serbia faces 'extremely serious' impacts as sanctions hit oil firm
Serbia's president warned that US sanctions on the Russian-controlled operator of the Balkan nation's only oil refinery that took effect on Thursday put it in an "extremely serious" position.
For ten months, Serbia was able to delay sanctions against one of its most important companies, but all solutions failed. Nationalization would remain – but the president is reluctant.
Washington sanctions against NIS, Serbia's national oil company, came into effect on Thursday. Mostly owned by Gazprom and other Russian companies, it provides about 80 per cent of the fuel requirements of the 6.5 million Serbs.
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