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    Home > Finance > Gazprom Neft given 45 days to exit ownership of Serbia's NIS, president says
    Finance

    Gazprom Neft given 45 days to exit ownership of Serbia's NIS, president says

    Published by Global Banking & Finance Review®

    Posted on January 10, 2025

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Gazprom Neft has 45 days to exit ownership of Serbia's NIS due to US sanctions targeting Russia's oil sector, according to Serbian President Vucic.

    Gazprom Neft Ordered to Exit NIS Ownership in 45 Days

    BELGRADE (Reuters) - Following new United States sanctions against Russia's oil sector, Gazprom Neft will be given 45 days to exit ownership of the Serbian oil company NIS, Serbian President Aleksandar Vucic said on Friday.

    NIS is majority owned by Gazprom Neft which holds a 50% stake and Gazprom which holds 6.15% of shares.

    The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine.

    "They demand from us a complete exit of Russians from NIS, remove, not reduce," Vucic said. He said the Balkan country will be given a March 10 deadline to close the deal with Russians.

    (Reporting by Ivana Sekularac and Daria Sito-Sucic; Editing by Kirsten Donovan)

    Key Takeaways

    • •Gazprom Neft must exit NIS ownership within 45 days.
    • •US sanctions target Russia's oil sector.
    • •Serbian President Vucic announced the deadline.
    • •NIS is majority-owned by Gazprom Neft.
    • •Sanctions aim to leverage peace in Ukraine.

    Frequently Asked Questions about Gazprom Neft given 45 days to exit ownership of Serbia's NIS, president says

    1What is the main topic?

    The main topic is Gazprom Neft's required exit from NIS ownership due to US sanctions on Russia's oil sector.

    2What are the US sanctions about?

    The US sanctions target Russia's oil and gas revenues to leverage peace negotiations in Ukraine.

    3Who announced the exit deadline?

    Serbian President Aleksandar Vucic announced the 45-day deadline for Gazprom Neft's exit.

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