Serbia seeks fifth US sanctions waiver for Russian-owned oil firm NIS, minister says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
0mins
Source: Reuters
Negotiations on Sanctions: Talks between Serbia and the U.S. regarding the postponement of sanctions against the Russian-owned oil company NIS have faced challenges, with a current reprieve set to expire on July 29, putting Serbia's energy security at risk amid geopolitical tensions.
Ownership and Operations of NIS: NIS, primarily owned by Russia's Gazprom Neft, is crucial for Serbia's oil supply, importing about 80% of its needs; the Serbian government holds a significant stake in the company while navigating complex international relations.
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.
