US postpones sanctions against Serbia's NIS oil firm for fourth time, energy minister says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2025
0mins
Source: Reuters
Sanctions Postponement: The U.S. has postponed sanctions against the Russian-owned Serbian oil company NIS for the fourth time, extending the reprieve until July 29, allowing the company to continue operations and supply the market.
Ownership and Operations: NIS is majority-owned by Russia's Gazprom Neft, which holds 44.85% of the company, while Gazprom owns 11.3%. NIS operates Serbia's only oil refinery, covering most of the country's oil needs through imports and local production.
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.
