US sanctions Archives - Balancing Energy

Serbia: US Treasury grants NIS fourth 30-day sanctions reprieve

For the fourth time since April, the US Department of the Treasury has extended Serbian oil company NIS’s waiver from full sanctions implementation, pushing the new deadline to 29 July 2025. This extension follows NIS’s recent application for a special license aimed at preserving its ability to conduct routine business beyond the previous waiver’s expiration […]

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Serbia: NIS seeks extension of US sanctions license to continue operations beyond June 27

Serbian oil company NIS has submitted a new request to the US Department of the Treasury for a special license to extend the postponement of full sanctions enforcement. This extension would allow NIS to continue its regular operations beyond June 27, when its current temporary license—granted on April 25—is set to expire. In March, NIS

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Serbia: NIS receives US sanctions deferral until June 2025

Serbian oil company NIS has secured a new special license from the US Department of the Treasury, deferring the full application of sanctions until 27 June 2025. The license allows NIS and its subsidiaries to continue operations, honor contracts, and manage financial transactions without interruption. The company expressed gratitude for the support of the Serbian

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Serbia: NIS seeks extended US sanctions delay as current license nears expiry

Serbian oil company NIS announced that it has submitted a new request to the US Department of the Treasury for a special license, seeking to delay the full enforcement of US sanctions, which are scheduled to take effect on 28 April. The request aims to ensure the company can continue its operations without disruption beyond

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EU considers boosting U.S. LNG imports to avert tariffs

The European Union is open to significantly increasing its purchases of liquefied natural gas (LNG) from the United States in an effort to ease tensions with President Donald Trump and potentially prevent new tariffs on EU exports, European Energy Commissioner Dan Jorgensen has indicated. Jorgensen acknowledged that there is room for higher LNG imports from

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Serbia: NIS faces supply struggles amid US sanctions pressure

Serbian oil company NIS is grappling with mounting challenges in securing crude oil from international suppliers, while facing a loss of domestic customers who are turning to alternative sources for fuel. The difficulties come as the company deals with growing pressure from forthcoming US sanctions. NIS plays a vital role in Serbia’s fuel market, supplying

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Europe: Gas prices plunge amid global market turmoil and US tariff concerns

European natural gas prices began the week with a sharp decline, driven by a broader global market sell-off sparked by the United States’ recent introduction of reciprocity-based tariffs. At the Title Transfer Facility (TTF) in the Netherlands, Europe’s most liquid gas trading hub, May contracts opened at 35 euros per megawatt-hour (MWh), marking a drop

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Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS

In response to US sanctions targeting its energy sector, particularly the oil company NIS, the Serbian Government has enlisted the lobbying services of BlackSummit Capital. The firm’s role is to assist Serbia in navigating the sanctions imposed on NIS, which is partly owned by the Russian company GazpromNeft. A document from the US Department of

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