Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Serbia's NIS gets US approval to negotiate sale of Russian stake
    Headlines

    Serbia's NIS gets US approval to negotiate sale of Russian stake

    Serbia's NIS gets US approval to negotiate sale of Russian stake

    Published by Global Banking and Finance Review

    Posted on December 24, 2025

    Featured image for article about Headlines

    BELGRADE, Dec 24 (Reuters) - The U.S. has granted Serbian oil refiner NIS until March 24 to negotiate the sale of its Russian owner's stake, Serbia's state-owned RTS TV reported on Wednesday.

    However, RTS said NIS had not obtained an operating licence that would allow it to buy and process crude oil.

    The U.S. Treasury Department's Office of Foreign Assets Control imposed sanctions on NIS in October, as part of broader measures against Russia's energy sector, after granting a series of waivers since January.

    The sanctions have halted crude supplies via Croatia's JANAF pipeline, shutting down production at the Pancevo refinery.

    Russia's Gazprom has an 11.3% stake in NIS, while its sanctioned oil unit Gazprom Neft holds 44.9%. The Serbian government has 29.9%, with the remainder held by small shareholders and employees.

    Serbian President Aleksandar Vucic said on Tuesday that Gazprom was in talks with Hungary's MOL over a possible sale of its majority stake in NIS.

    (Reporting by Ivana SekularacEditing by Mark Potter)

    Related Posts
    UK, Canada, Germany and others condemn Israel's West Bank settlement plan
    UK, Canada, Germany and others condemn Israel's West Bank settlement plan
    Russia's Putin sent a message to North Korea's Kim to celebrate New Year's Day, KCNA says
    Russia's Putin sent a message to North Korea's Kim to celebrate New Year's Day, KCNA says
    Odesa zoo saves birds from oil spill following Russian attacks
    Odesa zoo saves birds from oil spill following Russian attacks
    Pope Leo, on Christmas Eve, says denying help to poor is rejecting God
    Pope Leo, on Christmas Eve, says denying help to poor is rejecting God
    Majority of Russians expect Ukraine war to end in 2026, state pollster says
    Majority of Russians expect Ukraine war to end in 2026, state pollster says
    Netanyahu coalition pushes contentious Oct. 7 attack probe, families call for justice
    Netanyahu coalition pushes contentious Oct. 7 attack probe, families call for justice
    France's Macron says he discussed Ukraine with NATO head Rutte
    France's Macron says he discussed Ukraine with NATO head Rutte
    UK government says it backs free speech after US visa bans
    UK government says it backs free speech after US visa bans
    Russia extends deadline for sale of Exxon's Sakhalin-1 stake to 2027
    Russia extends deadline for sale of Exxon's Sakhalin-1 stake to 2027
    Exclusive-Kazakhstan's December crude exports sink to 14-month low after Ukraine drone strikes
    Exclusive-Kazakhstan's December crude exports sink to 14-month low after Ukraine drone strikes
    Ukraine completes GPD warrant deal, eliminating 'significant' liability
    Ukraine completes GPD warrant deal, eliminating 'significant' liability
    Russian attacks on Ukrainian ports cause drop in food exports
    Russian attacks on Ukrainian ports cause drop in food exports

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    French President Macron slams U.S. visa ban on Thierry Breton and others

    French President Macron slams U.S. visa ban on Thierry Breton and others

    EU says it strongly condemns U.S. visa ban on European individuals

    EU says it strongly condemns U.S. visa ban on European individuals

    Ukraine unveils 20-point peace proposal under discussion with US

    Ukraine unveils 20-point peace proposal under discussion with US

    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says

    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says

    Zelenskiy seeks meeting with Trump to hammer out issue of territory

    Zelenskiy seeks meeting with Trump to hammer out issue of territory

    How Israel's hilltop settlers coordinate attacks to expel Palestinians

    How Israel's hilltop settlers coordinate attacks to expel Palestinians

    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots

    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots

    Australian state passes tougher gun, protest law after Bondi Beach shooting

    Australian state passes tougher gun, protest law after Bondi Beach shooting

    Russia plans a nuclear power plant on the moon within a decade

    Russia plans a nuclear power plant on the moon within a decade

    Europe slams visa bans after US takes fresh swing at allies over 'censorship'

    Europe slams visa bans after US takes fresh swing at allies over 'censorship'

    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says

    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says

    Russian air defence downs 16 Moscow-bound Ukrainian drones, mayor says

    Russian air defence downs 16 Moscow-bound Ukrainian drones, mayor says

    View All Headlines Posts
    Previous Headlines PostPope Leo, on Christmas Eve, says denying help to poor is rejecting God
    Next Headlines PostMajority of Russians expect Ukraine war to end in 2026, state pollster says