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Government of Serbia has sent a letter to the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, supporting the request of the Petroleum Industry of Serbia (NIS) for an extension of its current operating license for an additional 180 days beyond June 27.
24.06.2025. 12:58
Minister of Mining and Energy, Dubravka Djedovic Handanovic, noted that the request was submitted in order to preserve the security of oil and petroleum product supply in Serbia and to prevent serious negative consequences of the sanctions on Serbian citizens and the economy.
The Petroleum Industry of Serbia (NIS) will continue to be a dominant company in the energy sector in our country, stated the Minister of Mining and Energy, Dubravka Djedovic Handanovic, in the program Stav nedelje.
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Regarding the announcement that the United States may impose sanctions on the Oil Industry of Serbia (NIS), the U.S. Embassy could not comment on the news but emphasized that the risks of cooperating with Russian companies, especially in the energy sector, have been well-known for a long time.
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AutorDjedović Handanovic emphasized that Europe and the world are now, perhaps more than ever, facing uncertainties in the global oil market and a price increase of up to 20 percent over the past two weeks, all due to the conflict in the Middle East.
"Additional disruptions in supply chains, combined with potential sanctions against NIS, could seriously threaten Serbia’s energy security and negatively impact not only our citizens but also residents across the region. We have informed representatives of the U.S. administration about all of this and requested a new postponement of the sanctions – that is, an extension of NIS’s operating license," said Djedovic Handanovic.
She also reminded that Serbia has successfully managed to postpone the implementation of the sanctions three times already.
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