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The United States has suspended sanctions for 30 days on Serbian oil company NIS, which is majority-owned by Russian companies and runs the country's only oil refinery, President Aleksandar Vucic said on Thursday, citing a U.S. Treasury document.
Vucic posted a photo of the document on his Instagram page. Reuters was not immediately able to verify it.
"We got 30 additional days for NIS. This is good news for the citizens of Serbia," Vucic said in his post.
The United States placed sanctions on Russia's oil sector on January 10, and gave Russian oil company Gazprom Neft (SIBN.MM), opens new tab until Thursday morning to exit ownership of NIS.
On Wednesday, Gazprom Neft reduced its majority stake in NIS by transferring around 5% of its share to its parent company Gazprom (GAZP.MM), opens new tab.
A sanctions reprieve would be a relief for Serbia. NIS supplies about 80% of the domestic retail market with crude oil and gas derivatives.
If sanctions were imposed, it would be unable to import crude oil through Croatia's pipeline operator Janaf.
The United States is yet to comment publicly since the deadline expired. It is not clear if it will accept the stake swap long term, given that Gazprom Neft is the oil arm of energy giant Gazprom.
The Serbian government holds a further 29.87% stake with small shareholders accounting for the remainder.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
YouTube TV and Fox have reached a distribution agreement that will keep Fox News, Fox Sports and other Fox channels available to subscribers, the companies confirmed on Thursday.
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday (28 August), after Nvidia’s quarterly report fell short of investors’ lofty expectations but confirmed that demand for artificial intelligence (AI) infrastructure remains strong.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
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