US EditionThe US sanctions Serbia’s main oil supplier, which is controlled by Russia
Sanctions target Serbia’s majority-Russian-owned Petroleum Industry of Serbia, which supplies over 80% of the country's diesel and petrol, risking impacts on finance and agriculture sectors.
- The U.S. sanctioned the Petroleum Industry of Serbia , majority-owned by Russia's Gazprom Neft, effective from 6 am on Thursday.
- NIS stated it could not secure a postponement of the U.S. sanctions, which may threaten its long-term oil and gas deliveries.
- NIS contributes significantly to Serbia's state budget and plays a crucial role in the country's infrastructure.
- NIS's operations, which account for a notable percentage of Serbia's GDP, will stop accepting MasterCard and Visa payments due to U.S. sanctions.
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49 Articles
The United States has penalized Serbia's main oil supplier, which is held in most Russia, confirmed the joint company. Sanctions against the Petroleum Industry in Serbia (NIS), which has 5,000 employees, entered into force today, at 06:00 a.m., inform Euronews.
US cuts off Serbia’s Russia-owned oil and gas supplier
BELGRADE — The United States slapped sanctions on Serbia’s largest oil and gas distributor Thursday over its ties to the Russian firm Gazprom Neft. “This is bad news for our country,” Serbian President Aleksandar Vučić said in an extraordinary address to the nation on Thursday, citing “immense economic and political consequences.” Vučić said he refused a U.S. request to nationalize the company, the Petroleum Industry of Serbia (NIS), which is ma…
Radio Free Europe/ RadioLiberty
einnews.comSerbia Braces For Fallout After US Sanctions On Oil Firm NIS Take Force
The US Office of Foreign Assets Control (OFAC) said sanctions against the Russian-owned Oil Industry of Serbia (NIS), Serbia's sole crude oil refiner, have taken force after several delays, a move that could hit the Balkan nation hard.
ECONOMY MINISTER Ante Šušnjar commented on the news that US sanctions against the Serbian Oil Industry (NIS) have come into force.
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