Serbia's NIS oil firm gets new sanctions waiver from US
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 26 2025
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Source: Reuters
Sanctions Waiver Secured: Serbian oil company Naftna Industrija Srbije (NIS), majority-owned by Russia's Gazprom Neft, has secured a third sanctions waiver from the U.S. for two months until June 27, allowing it to continue operations amid ongoing sanctions on Russia's oil sector.
Ownership and Operations: NIS operates Serbia's only oil refinery with an annual capacity of 4.8 million tons, covering most of the country's oil needs, while Gazprom Neft owns 44.85% of NIS and Gazprom holds 11.3%, with the Serbian government owning 29.87%.
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.
