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.
The Israeli military says one of the four bodies handed over by Hamas overnight does not belong to an Israeli hostage, raising tensions over the cease...
US Secretary of Defence Pete Hegseth’s plane made an emergency landing in the United Kingdom after a crack appeared in the aircraft’s windshield d...
The European Union plans to make its “drone wall” fully operational by 2027 under a new Defence Readiness Roadmap, which outlines ambitious milita...
Transit flows through Central Asian countries have increased by 70% between 2020 and 2024, according to the Eurasian Development Bank’s Transport Pr...
More than 200 electric buses from China have arrived in Tashkent as part of Uzbekistan’s plan to modernise its public transport system and cut carbo...
Thousands of protesters marched through Belgrade on Wednesday night, nearly a year after a deadly station collapse sparked a nationwide anti-government movement.
A Serbian prosecutor on Tuesday indicted 13 people, including a former minister over their role in a railway station roof collapse last year that killed 16 people and triggered months of nationwide anti-government protests.
Serbian police used tear gas and stun grenades Friday to disperse protesters at a university campus in Novi Sad demanding early elections and the resignation of President Aleksandar Vucic and his Serbian Progressive Party (SNS).
Tens of thousands of people staged a silent march in Belgrade on Monday (September 1) to honour the 16 victims of a collapsed roof at a renovated railway station, while calling for snap elections aimed at unseating President Aleksandar Vucic and his ruling SNS party.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Tesla has told the Delaware Supreme Court that Elon Musk’s $56 billion pay package should have been restored last year through a shareholder vote, as the company appeals a lower court ruling that rescinded the CEO’s record compensation.
Wall Street closed sharply higher on Monday, led by gains in Broadcom and other chipmakers, as investors were reassured by U.S. President Donald Trump’s conciliatory tone on renewed U.S.-China trade tensions.
Lawyers warn that the case could eventually involve up to 1.8 million UK drivers across 14 brands, potentially making it the largest consumer class action in British legal history.
European stock markets opened the week on a positive note, buoyed by hopes of easing trade tensions between the U.S. and China and declining geopolitical risks in the Middle East.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment