The United States is considering imposing sanctions on Serbia’s oil and gas industry, specifically targeting NIS (Naftna Industrija Srbije), due to its significant Russian ownership. This potential move comes as Serbia seeks to secure its oil and gas supplies amid these concerns. To address the situation, Serbia plans to establish a Coordination Body, which will be led by Prime Minister Miloš Vučević. This body will oversee efforts to monitor the impact of sanctions and ensure the continued supply of natural gas from Russia, which is a crucial energy source for Serbia.
Serbian President Aleksandar Vučić had previously stated that he expected to receive official notification from the U.S. regarding sanctions on NIS by January 10 or 13. The sanctions are reportedly linked to the Russian stakes in the company, with Gazprom Neft and Gazprom having held majority shares in NIS since 2008. This ownership connection increases the likelihood of U.S. sanctions, as Washington has been targeting Russian-linked entities to curb Russian influence.
Additionally, Serbia aims to extend its natural gas contract with Russia, which is set to expire in March, to maintain its energy supply. Serbian officials, including Deputy Prime Minister Aleksandar Vulin, have made it clear that Serbia intends to continue purchasing Russian gas despite the pressures from potential sanctions.
