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Serbia’s NIS Scrambles to Avoid US Sanctions with Strategic Moves and Waivers

Serbia’s largest oil refiner, NIS, majority-owned by Russia’s Gazprom, faces a race against time to comply with US sanctions as it seeks special waivers, stake sales, and policy changes to secure its energy lifeline. The United States has granted NIS a short-term sanctions waiver, allowing continued operation until October 8. Key Takeaways US has postponed sanctions on Serbia’s NIS until October 8 with a temporary waiver. Gazprom considers sell…
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n1info.rs broke the news in Novi Beograd, Serbia on Friday, October 3, 2025.
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