American sanctions on NIS

Tag: US sanctions NIS

Sanctions to NIS

01.July 2026 IN THE

OFAK extended NIS's license, MOL was enabled to continue negotiations on the purchase

OFAK made a decision allowing NIS to continue processing crude oil until July 31, while MOL continues negotiations on the possible purchase of a majority stake in Naftna industrija Srbije

Economy of Serbia

03.march 2026 MLJ

Because of NIS, the Serbian industry is stumbling: We are sustained by the uncertain Stelantis

The production of coke and oil derivatives fell by as much as 73,3 percent compared to last year due to the NIS shutdown. The sharp decline in total industrial production was partially prevented by car production, but the question is - how long will Stelantis be maintained in Serbia

American sanctions

19.January 2026 IN THE

Đedović Handanović: An agreement has been made regarding NIS, the OFAK's permission is awaited

MOL and Gazpromneft reached an agreement on the basic provisions of the future sales contract for NIS, which will be sent to the American administration for decision. According to the minister, Serbia managed to increase its ownership share by five percent

US sanctions on NIS

13.January 2026 IN THE

The Pancevo refinery is back in operation: The first quantities of oil after a hundred days of downtime

After the interruption of transportation due to US sanctions, the refinery in Pancevo receives crude oil again. Minister Đedović Handanović pointed out that an additional 35.000 to 45.000 tons is expected next week, which enables the continuous operation of the refinery.

Interview: Miloš Starović

06.January 2026 Andja Cerovic, Filip Švarm

Sanctions have become almost a separate discipline

"It is crucial that a solution to NIS be reached in the first quarter of 2026, especially considering the broader geopolitical context. The beginning of 2026 is already marked by geopolitical upheavals in Iran and Venezuela. Both countries are oil powers and members of OPEC, but are restricted in the free sale of oil due to OFAC sanctions. Geopolitical tensions with such countries have a significant impact on oil and raw material prices, so there is a real risk that third countries will suffer the consequences"

Sale of NIS

05.January 2026 IN THE

Analysis of NIS in progress: Representatives of MOL visit key capacities

After a several-week standstill caused by US sanctions, the process of selling the Russian stake in NIS is entering a crucial phase - representatives of MOL have begun an in-depth analysis of the company, while the authorities announce the imminent launch of the Pancevo Oil Refinery

The oil industry of Serbia

01.January 2026 KS

NIS: Restarting the Refinery in Pancevo

The extended license obtained by NIS enabled the performance of operational activities and the restart of the Refinery in Pancevo

US sanctions on NIS

29.December 2025 IN THE

Bocan Harchenko: Gazprom continues to supply fuel to Serbia despite the sanctions

According to the words of the Russian ambassador in Belgrade, NIS continued its smooth operations in cooperation with Gazpromneft, without interrupting fuel deliveries to domestic consumers and strategic sectors.

Economy

26.December 2025 IN THE

New economy: NBS defended the dinar with 1,4 billion euros since the beginning of the year

Since the beginning of the year, the National Bank of Serbia has spent almost 1,4 billion euros from its foreign exchange reserves to defend the existing exchange rate of the dinar. What are Serbia's foreign exchange reserves?

Minister of Mining and Energy Dubravka Đedović Handanović

US sanctions on NIS

25.December 2025 IN THE

Minister Đedović Handanović: The Russians are negotiating with the Hungarian MOL about NIS

The Minister of Energy, Dubravka Đedović Handanović, confirmed that the negotiations between the Russian shareholders and the Hungarian company MOL regarding the exit of Russian ownership from the Oil Industry of Serbia are ongoing, which is one of the key conditions for the eventual lifting of US sanctions on NIS.

US sanctions on NIS

11.December 2025 IN THE

Vučić replied to Lavrov: It never occurs to us to steal anything from anyone

After the statement of the Russian Minister of Foreign Affairs, Sergey Lavrov, that based on the intergovernmental agreement, Serbia must not unilaterally nationalize NIS, the President of Serbia, Aleksandar Vučić, says that there is no nationalization without mutual consent.

Sanctions to NIS

10.December 2025 Marija L. Jankovic

Bank for "Vreme": "Cooperation with NIS is a trade secret"

Whether they do business with NIS, whether they are even allowed to talk about it, and how long that business will last, some banks explain to "Vreme"

Comment

09.December 2025 Marija L. Jankovic

Fear of secondary sanctions against NIS: Why are banks silent?

The euro jumps, people flock to exchange offices, banks refuse to say whether they do business with NIS, and the regime says - everything is panic. It is possible, but who is wider

American sanctions

08.December 2025 Marija L. Jankovic

Risk or tacit agreement: Do banks still do business with NIS?

When do secondary sanctions come into effect? Is Aleksandar Vučić knowingly taking a risk because he allows NBS to do business with NIS even after December 7? Do foreign banks do the same?

Consequences of US sanctions

07.December 2025 IN THE

Mazut: The energy situation in Serbia is stable, there will be no shortage

Prime Minister Đuro Macut emphasized that the energy situation is stable and that citizens should not worry about the supply, while the issue of sanctions against the Serbian Oil Industry is being resolved.

NIS

03.December 2025 MLJ

Cessation of the Refinery: How much will fuel be more expensive?

With the cessation of operations of the Pančevo Refinery, Serbia is forced to import fuel, which will certainly increase in price as a result. The only question is to establish market prices in retail, or the state will give up its profit for political reasons

US sanctions on NIS

02.December 2025 IN THE

Vučić: We have not received a positive decision from the USA, the refinery is shutting down

The President of Serbia, Aleksandar Vučić, announced that NIS did not receive a positive decision from the USA on the extension of the work license, so the Pancevo Refinery will be shut down. Under "the risk of the entire financial system falling under US sanctions", the NBS will not terminate payment operations with the NIS until the end of the week in order to be able to pay workers' salaries

Resolving the fate of NIS

27.November 2025 IN THE

New twist: MOL possible co-owner of NIS - ongoing talks

After the meetings in Belgrade, Budapest confirms that one of the options is for MOL to take a majority stake in NIS. According to the Hungarian government, talks with Serbia and other actors are already underway

American sanctions

27.November 2025 Marija L. Jankovic

"D-Day" passes for NIS: Thanksgiving without thanks

The deadline of 48 hours, which Aleksandar Vučić "gave" America and OFAK to respond to the request for a license for NIS - is slowly ticking away. The same day is an American national holiday, on which, according to tradition, everyone gives thanks and gives gifts - but among friends

Oil crisis

26.November 2025 Slobodan Bubnjević

The smell of recession

Considering that the gross social product of Serbia is about 80 billion euros, and Nisa's income in 2023 was about 3,4 billion, where the added value is about 300 million, the share in GDP growth is less than half a percent, but the shutdown of the refinery also affects the rise in prices, as well as the foreign exchange market and the inevitable rise in inflation

US sanctions on NIS

26.November 2025 Ivan Mitkovski

Awaiting OFAK: Final shutdown of the Refinery or spare time

The last day to obtain a US OFAC license for NIS is approaching. The economic equation is simple - if NIS gets a license, the refinery in Pancevo continues to work, otherwise it shuts down. What happens then?

US sanctions on NIS

25.November 2025 AI

Vučić: The Government of Serbia gave the Russians 50 days to find a buyer

The plants of the NIS refinery in Pancevo are still operating, but they will be completely shut down in four days if the Americans do not extend the license to supply crude oil. Aleksandar Vučić gave the Russians 50 days to find a valid buyer for NIS, and if they don't do it, Serbia will place the company under state administration

US sanctions on NIS

25.November 2025 IN THE

The refinery in Pancevo will stop in four days if the USA does not extend the license

The refinery is not shut down yet, but will be in four days unless the US government grants a crude oil supply license.

Energy Industry

19.November 2025 Slobodan Bubnjević

Great Oil Post

After the new, dramatic TV episode of the public meeting of the Government of Serbia on the American sanctions against NIS, the audience is sitting on the edge of their seats and waiting for next week with many open questions - how much time do we have, what do the authorities intend and what can be done at all? What really awaits us in the series finale

From the new issue of "Vremena"

19.November 2025 S. B.

Serbia without oil: Another month and a fire

The refinery in Pancevo will soon stop, if no solution is found for the sanctions against NIS. Reserves are not enough for the winter. Threats of shortages, black market and price increases

US sanctions on NIS

19.November 2025 IN THE

Tabaković: NBS received a warning about secondary sanctions due to NIS

The National Bank of Serbia received a warning about possible secondary sanctions due to doing business with NIS, Governor Tabaković revealed.

The oil industry of Serbia

19.November 2025 Marija L. Jankovic

Rumor has it that the Russians are leaving NIS: Good or bad news?

In the whole energy epic with NIS, the state is telling what is happening with a spoon. It has now emerged that the Russians have agreed to sell their ownership stake. Is it good or bad news for Serbia?