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.
UNESCO has officially designated 15 December as World Turkic Language Family Day, marking an historic recognition of the linguistic and cultural herit...
The death toll from Typhoon Kalmaegi has risen to 66 as residents in the Philippine province of Cebu confront the devastation left by the storm that f...
Zohran Mamdani made history on 4 November, 2025, when he won New York City's mayoral election, becoming the city's first Muslim mayor, first South Asi...
Democratic socialist Zohran Mamdani has won New York City’s mayoral election, defeating former Governor Andrew Cuomo in a landmark victory that make...
The U.S. Senate has blocked a Republican-backed funding bill for the 14th time, as the government shutdown reached 35 days on Tuesday — tying the lo...
Tens of thousands of demonstrators filled Serbia’s second-largest city on Saturday, marking one year since a railway station roof collapse killed 16 people, a tragedy that has fuelled public outrage over alleged corruption and lack of accountability.
Serbian President Aleksandar Vučić will pay an official visit to Uzbekistan from 28 to 31 October at the invitation of President Shavkat Mirziyoyev.
Serbia's President Aleksander Vucic has said that the shooting incident outside of the Parliament in Belgrade was a terrorist attack.
Thousands of protesters marched through Belgrade on Wednesday night, nearly a year after a deadly station collapse sparked a nationwide anti-government movement.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
The eastern Ukrainian city of Pokrovsk has emerged as a critical point in Russia’s campaign to seize the remaining Ukrainian-held parts of Donetsk, and its fate could shape the course of the conflict in the region.
Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn into office for her first elected term.
Israel’s top military legal officer Yifat Tomer-Yerushalmi, who resigned last week, has been arrested over the leak of a video showing soldiers brutally assaulting a Palestinian detainee at the Sde Teiman military prison.
Jamaican Prime Minister Andrew Holness on Tuesday said that last week's Hurricane Melissa, the strongest-ever storm to hit its shores, caused damage to homes and key infrastructure roughly equivalent to 28% to 32% of last year's gross domestic product.
French judicial authorities announced on Tuesday that they had launched an investigation into the Chinese social media platform TikTok, focusing on the potential dangers of its algorithms pushing young people towards suicide.
Alphabet Inc., the parent company of Google, is entering the U.S. dollar and euro debt markets with a multi-tranche senior unsecured notes issue.
Microsoft has agreed a $9.7 billion partnership with data centre operator IREN, granting it access to Nvidia’s latest chips in a move designed to ease the computing bottleneck that has hampered the company’s ability to fully capitalise on the artificial intelligence boom.
Chinese electric carmaker BYD is making major strides in Europe, with sales surging nearly fivefold in September from a year earlier to just under 25,000 new registrations.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment