Published by Global Banking & Finance Review®
Posted on March 28, 2025
1 min readLast updated: January 24, 2026
The US Treasury has extended the Serbian oil firm NIS's sanctions waiver for 30 days, ensuring continued energy supply in Serbia.
BELGRADE (Reuters) - The United States Treasury has granted a 30-day extension to the Serbian oil company NIS's sanctions waiver, Serbian President Aleksandar Vucic said on Friday.
NIS operates Serbia's only oil refinery, which has an annual capacity of 4.8 million tons and covers most of the Balkan country's energy needs.
It is majority-owned by Russia's Gazprom Neft and Gazprom.
The waiver had been due to expire at midnight.
“We have received another 30 days of sanctions reprieve for NIS ... Thanks to our American partners for understanding,” Vucic said in a post on Instagram.
(Reporting by Aleksandar Vasovic; Writing by Antonis Pothitos; Editing by Kevin Liffey)
The main topic is the US Treasury's extension of the Serbian oil company NIS's sanctions waiver for 30 days.
NIS is majority-owned by Russia's Gazprom Neft and Gazprom.
The waiver is crucial for Serbia's energy needs as NIS operates the country's only oil refinery.
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