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NIS

Waiting for MOL's answer: The negotiations are not going well, says Vučić

May 20, 2026, 17:07 p.m KS
NIS logo, bird Photo: FoNet/AP
Who will be the new owner of NIS?
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On Friday, May 22, the deadline set by the Americans for the agreement on the sale of shares in NIS expires. Serbian President Aleksandar Vučić now says that negotiations with MOL are not going well

Negotiations with Hungary MOL- on the purchase of the majority Russian share in The oil industry of Serbia (NIS) are not doing well, announced the President of Serbia Aleksandar Vučić.

He added that he is not too optimistic, but also hopes that he will Foreign Assets Control Office (OFAK) at the US Department of the Treasury have an understanding.

"I don't know what will happen in two days, until May 22. I hope that the American OFAC will understand Serbia's position, so that it is neither guilty nor liable to be punished," Vučić told reporters.

On Friday, May 22, another deadline set by the US administration for the agreement on the sale of NIS expires.

The Serbian side sent an offer to MOL on Friday (May 15), the Hungarian company's response is still awaited.

In mid-April, the NIS company received a new special license from the US Department of Finance, which allows the company to continue operating activities until June 16, 2026.

Who is negotiating?

More than five negotiators are participating in the negotiations regarding the sale of the Oil Industry of Serbia, the Russian Gazprom, the majority owner of NIS, the Hungarian MOL, which wants to buy it, but the Serbian government is also allegedly very important.

Domestic businessmen, such as Ranko Mimović and Bogoljub Karić, are also involved, and all of this should ultimately be approved by the American OFAK. "Vreme" wrote earlier. Most of the citizens of Serbia are not very clear about who has the main speech and whose will be the last.

In the meantime, the number of potential buyers is also increasing, because according to Forbes Serbia, three more companies have appeared.

The American OFAK imposed sanctions on NIS in January 2025, and the license to work is extended from month to month.

 

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Tags:

Sale of NIS MOL OFAK Aleksandar Vučić NIS The oil industry of Serbia
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