US extends sanctions waiver for Serbian oil firm NIS to allow more time for Russian stake sale negotiations
By
Euractiv
2h ago· 2 min readenNews
Summary
The US has extended a temporary sanctions waiver for Serbia's Petroleum Industry of Serbia (NIS) to allow more time for negotiations over the sale of its Russian-held stake. NIS has faced US sanctions since January 2025 due to the crackdown on Russia's energy sector following the invasion of Ukraine. Washington demands that Gazprom Neft and its sister company Intelligence (subsidiaries of Gazprom) sell their combined 56% stake as a condition for lifting sanctions.
Source
bskyUS extends sanctions waiver for Serbian oil firm NIS to allow more time for Russian stake sale negotiationseuractiv.comKey quotes
· 3 pulledThe US has extended a temporary sanctions waiver for a Serbian oil firm, to allow more time for negotiations over the sale of its Russian-held stake, officials said Wednesday.
Washington is demanding that Gazprom Neft and its sister company, Intelligence, both subsidiaries of Russian energy giant Gazprom, sell their combined 56 percent stake as a condition for lifting sanctions.
The company has for months been negotiating a sale
Washington is demanding that subsidiaries of Russian energy giant Gazprom sell their stake
Comments
Sign in to join the conversation.
No comments yet. Be the first.