Photo: 24sata.hr
US postpones sanctions on Serbia's Russian-owned NIS oil company for one week
The US has delayed sanctions against Serbia's Russian-owned NIS oil company for a week, crucial for the country's oil supply, pending further developments in regional energy dynamics.
- The US postponed sanctions on the NIS oil company, Serbia's sole oil refinery, until October 15, as reported by Belgrade's Nova Ekonomija news portal.
- This extension follows the US's decision to prolong a license for the Croatian oil pipeline operator, Jadranski naftovod, indicating ongoing regional energy negotiations.
- NIS, majority-owned by Russia's Gazprom Neft, is vital for Serbia's petroleum supply, making the sanctions delay significant for both Serbia’s economy and regional energy stability.
Why It Matters
This delay in sanctions reflects the complex interplay of energy dependencies in the Balkans, highlighting Serbia's reliance on Russian oil amid geopolitical tensions that could impact broader regional stability.