US mulls sanctions against Serbian oil firm majority owned by Russians, president says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Source: Reuters
U.S. Sanctions on Serbian Oil Company: The United States plans to impose financial sanctions on Serbia's oil company NIS, which is majority owned by Russia's Gazprom Neft and Gazprom, due to its Russian ownership.
Serbia's Response and Dependency on Russia: Serbian President Aleksandar Vucic indicated that the UK and EU may follow suit with sanctions, while Serbia, despite condemning Russia's actions in Ukraine, remains dependent on Russian gas and is considering reducing Russian ownership in NIS.
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.
