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 byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia and SOCAR near joint venture for up to 500 MW gas-fired CHP

Serbia is close to setting up a joint venture with Azerbaijan’s SOCAR to develop a gas-fired combined heat and power plant. The planned facility would have capacity of up to 500 MW. The project is being advanced through negotiations...

Serbia’s power system recovery meets continued lignite dependence and rising project costs

Generation mix after earlier operational issues A 2025 energy-sector assessment says Serbia’s electricity system has recovered from severe operational problems earlier in the decade, but the sector remains exposed to further shocks. Continued reliance on lignite, higher infrastructure costs and...

Serbia maintains power price advantage as volatility challenges export potential

Serbia maintained one of the more competitive wholesale electricity positions in Southeast Europe during the second half of August, supported by stronger hydro, renewable and thermal generation. However, the sharp increase in prices at the beginning of September demonstrated...
Supported byVirtu Energy