Romania: Hidroelectrica signs €20M...

Hidroelectrica has selected the local subsidiary of Danish wind turbine manufacturer Vestas to...

Greece: EIB approves €25.9...

The European Investment Bank (EIB) has approved a green financing package of €25.9...

Greece and Egypt sign...

Greece’s and Egypt’s electricity transmission system operators, ADMIE and EETC, have formalized cooperation...

Bulgaria: Alexandroupoli LNG terminal...

The liquefied natural gas (LNG) terminal in Alexandroupoli, Greece, is preparing to increase...
Supported byClarion Energy
HomeNews Serbia EnergySerbia seeks solution...

Serbia seeks solution to US sanctions on national oil company NIS

Finance Minister Sinisa Mali stated that discussions are ongoing with both Russian and US representatives to find a solution that safeguards the interests of Serbian citizens. He stressed that Serbia did not trigger these sanctions and must ensure that its energy security is not compromised. The government’s priority, according to Minister Mali, is to prevent any disruption in fuel supply and protect the country’s energy independence.

Diplomatic efforts include recent talks between President Aleksandar Vucic and US Secretary of State Marco Rubio, as well as meetings with the Russian ambassador in Belgrade. On 28 September, NIS submitted a new application to the US Treasury Department requesting an extension of the special license that postpones full enforcement of the sanctions, allowing the company to continue normal operations. An additional request was also filed to remove NIS from the SDN (Specially Designated Nationals) list, a process that is lengthy and complex and was first initiated on 14 March.

The US introduced sanctions against NIS in January due to its Russian ownership stake. These measures have been postponed six times, most recently until 1 October. President Vucic has announced that the deadline has now been extended further to 8 or 9 October.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia to convert Kolubara A thermal power plant into 71 MW solar facility, public review scheduled

Serbia’s Spatial and Urban Planning Agency has announced a public review for the proposed urban and architectural plan to convert the Kolubara A thermal power plant into a solar energy facility. The project involves decommissioning the existing ash, slag,...

Croatia: US sanctions targeting NIS prompt JANAF to secure licenses for continued crude oil transport

Earlier this year, the U.S. Department of the Treasury introduced sanctions targeting Russia’s energy sector, which are now being applied to Serbian oil company NIS. This affects NIS’s crude oil transport agreement with Croatian pipeline operator JANAF, valid from...

Europe: Brent oil, TTF gas and COâ‚‚ futures show mixed trends in late September

In the fourth week of September, Brent oil futures for the Front-Month on the ICE market saw their weekly minimum settlement price of $66.57 per barrel on Monday, September 22. Prices rose throughout the week, reaching a weekly maximum...
Supported byVirtu Energy
error: Content is protected !!