Serbia seeks extension of US sanctions waiver for oil firm NIS, minister says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 24 2025
0mins
Source: Reuters
Serbia's Request for Sanctions Waiver: Serbia has requested a 180-day extension from the U.S. on sanctions against the Russian-owned oil company NIS, emphasizing that continued sanctions would negatively impact energy security and the economy of Serbia and the region.
Importance of NIS Operations: NIS operates Serbia's only oil refinery, which is crucial for crude oil procurement, and the Serbian government is seeking support from both U.S. and Russian partners, as well as Hungary, to secure the necessary license for its operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
