U.S. Sanctions

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Representatives of MOL to Visit NIS Next Week and Begin Due Diligence

Representatives of the Hungarian company MOL will visit Naftna Industrija Srbije (NIS) next week to begin a due diligence review of the company’s operations. During the visit, they are expected to tour all key NIS facilities.

11:20Pre 1 d05.01.2026.

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NIS: Shutdown of Facilities at the Pancevo Oil Refinery Has Begun

The shutdown of production facilities at the Pancevo Oil Refinery has begun due to a shortage of crude oil for processing, which has arisen as a consequence of the sanctions imposed on NIS by the U.S. Department of the Treasury, the company announced.

18:19Pre 35 d02.12.2025.

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How Much Crude Oil Serbia Has Left: The Pancevo Refinery Can Operate for Only Seven More Days

For a country to remain energy-stable, it must maintain mandatory reserves that ensure that stability. From mandatory petroleum derivatives stored in tanks, we must have gasoline, diesel, and kerosene.

09:35Pre 49 d18.11.2025.

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"Seven days to make a decision on NIS", decided at the emergency session of the Serbian Government

Serbian President Aleksandar Vucic stated that a decision regarding NIS must be made within the next seven days, repeating that he does not want to seize anyone’s property and that he is ready for a “special solution” that has been negotiated.

10:35Pre 50 d17.11.2025.

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Russian Owners of NIS Submit Request to OFAC for License Extension After Talks with a Third Party

The Russian owners of the Petroleum Industry of Serbia (NIS) have submitted a request to the U.S. Office of Foreign Assets Control (OFAC) seeking an extension of their operating license, based on negotiations with a third party, announced Minister of Mining and Energy Dubravka Djedovic Handanovic.

14:40Pre 56 d11.11.2025.

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Sell-off of Lukoil’s assets abroad, including property in Serbia: Vucic says the much bigger problem for us is NIS

The company Lukoil announced that it has reached an agreement with the Gunvor Group to sell all of its foreign assets.

14:42Pre 68 d30.10.2025.

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Newsmax Balkans Exclusive: Serbian Government Preparing a Plan to Remove NIS from U.S. Sanctions List

According to information obtained unofficially by Newsmax Balkans in Washington, the Serbian government is currently developing a plan to resolve the issue of the Petroleum Industry of Serbia (NIS) and to have the company removed from the list of entities under U.S. sanctions.

13:51Pre 69 d29.10.2025.

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Brnabic: Several solutions for NIS already prepared

The President of the National Assembly of Serbia, Ana Brnabic, stated that she believes the Russian side will accept one of the proposed solutions regarding NIS during the meeting between Serbian President, Aleksandar Vucic and the Chairman of the Board of Gazprom, Aleksandr Dyukov.

10:34Pre 85 d13.10.2025.

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Vucic on Sanctions Against NIS: We Have Enough Oil Derivative Reserves Until the New Year

The enforcement of U.S. sanctions against the Petroleum Industry of Serbia (NIS) is “extremely bad news for Serbia,” President Aleksandar Vucic stated at a press conference. He added that the storage facilities are full and that citizens can remain calm regarding oil derivatives until the New Year.

15:58Pre 89 d09.10.2025.

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ENGLISH

U.S. Sanctions on NIS Take Effect

The company NIS informs the public that it has not yet received an extension of the special license from the U.S. Department of the Treasury, which allows for uninterrupted operational activity.

13:21Pre 89 d09.10.2025.

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