Montenegro: EPCG seeks approval...

Montenegro’s state-owned power utility EPCG has requested that the Ministry of Spatial Planning,...

Bosnia and Herzegovina: Republika...

The Republic of Srpska (RS) is pressing ahead with a major expansion of...

Bosnia and Herzegovina: American...

A U.S. private company could take over the construction and operation of the...

The new energy geometry...

For more than half a century, the Balkans lived inside a predictable energy...
Supported byClarion Energy
HomeNews Serbia EnergyU.S. presses Serbia...

U.S. presses Serbia to resolve NIS sanctions issue through sale or nationalization of Russian stake

According to diplomatic sources quoted by Serbian media, the United States sees only two possible solutions to the issue surrounding Serbian oil company NIS, which remains under U.S. sanctions because of its Russian ownership. The first option would involve selling the Russian-held shares to a company with no ties to Russia, while the second would be the nationalization of the stake currently owned by Gazprom and Gazprom Neft.

U.S. officials reportedly view these as the only acceptable paths forward, emphasizing that the key goal is to prevent Russia from profiting from assets in Serbia that could indirectly support its military operations in Ukraine.

Although Serbian President Aleksandar Vučić has described nationalization as a last-resort measure, diplomatic sources suggest that it could ultimately turn out to be the most practical and realistic solution.

American representatives have repeatedly stressed that the sanctions are not aimed at Serbia or its citizens, but are part of broader international efforts to pressure Russia to end the war in Ukraine. President Vučić stated earlier this week that he expects an update on the future of NIS soon — possibly by the end of this week or early next week.

The United States imposed sanctions on 9 October, targeting NIS due to its majority Russian ownership structure.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Croatia: JANAF rebuts MOL and Slovnaft allegations of supply risks

Croatian pipeline operator JANAF has issued a strong response after MOL and Slovnaft informed the European Commission’s Directorate-General for Competition that JANAF’s actions allegedly threaten the security of supply through the JANAF oil pipeline. The two companies argue that...

The high-stakes game around NIS: How Serbia’s oil giant became a battleground of influence, strategy and survival

There is no company in Serbia whose fate is as closely watched — and as quietly contested — as NIS, the country’s dominant oil and gas enterprise and one of the most powerful corporate forces in the Western Balkans. For...

Azerbaijan in Serbia: How a Caspian energy power became a Eurasian player in South-East Europe

Azerbaijan’s rise in Serbia did not happen loudly. It happened through pipelines, memoranda, presidential visits, and a carefully constructed image of Baku as a reliable, forward-looking supplier. What began as a small diplomatic relationship has grown into one of...
Supported byVirtu Energy
error: Content is protected !!