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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 […]

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Serbia: NIS requests U.S. license to delay sanctions and removal from SDN list

Serbian oil company NIS has confirmed that it submitted a new request to the U.S. Treasury Department for a special license to delay the full implementation of sanctions, allowing the company to continue operations. In addition, NIS filed a separate application to be removed from the Specially Designated Nationals (SDN) list, a process described as

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Serbia: US sanctions on NIS set for October 1 after brief extension

Serbian President Aleksandar Vučić announced that the United States has extended the sanctions deadline for the country’s oil company NIS by only four days, making them effective from October 1, 2025. The United States placed Serbia’s largest oil firm under sanctions on January 10, citing secondary risks tied to its majority Russian ownership in the

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Serbia secures additional gas supplies from Azerbaijan ahead of winter, Niš gas power plant project progresses

During her official visit to Baku, Serbian National Assembly Speaker Ana Brnabić announced that Serbia will receive additional natural gas supplies from Azerbaijan this winter, supplementing previously agreed volumes. She emphasized that these extra deliveries, requested by President Aleksandar Vučić, will be vital for ensuring energy stability during the upcoming heating season. Brnabić also highlighted

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Switzerland’s SSWISS GROUP AG to invest 50 million euros in Serbia’s renewable energy sector

Swiss company SSWISS GROUP AG, owner of the solar panel brand Swiss Solar, has announced plans to invest 50 million euros in renewable energy development in Serbia. This move highlights the strategic importance of the Balkans for Europe’s transition to green energy and positions Serbia as a key player in the clean energy sector. Serbia

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Serbia: Gazprom transfers NIS stake to subsidiary ahead of US sanctions deadline

Russian company Gazprom has formally withdrawn as a shareholder in Serbian oil company NIS, transferring its 11.3 percent stake to another Russian firm, Intelligence, just days before U.S. sanctions against NIS are scheduled to take effect on September 26. After the transaction, GazpromNeft remains the largest shareholder with 44.85 percent, the Serbian government holds 29.87

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Serbia: New long-term gas deal with Gazprom expected in October

Serbia is expected to sign a new long-term natural gas agreement with Russian company Gazprom in October, extending the current supply arrangement until the end of that month. Srbijagas director Dušan Bajatović said the existing contract will remain valid under the same terms, including the oil-indexed pricing formula and additional supply volumes. He assured that

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Serbia: Turkish firm Fortis Energy plans 270 MW solar power plant in Sremska Mitrovica

Turkish company Fortis Energy is set to begin construction of a large solar power plant in Sremska Mitrovica next spring. The project will be situated on private land in the Macva region, along the road to Drenovac. The construction permit has already been obtained, and approval for energy transmission is expected within the next three

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