U.S. sanctions put Serbia's only oil refinery on brink of shutdown

NAMPA / Xinhua
2025-11-25
BELGRADE, Nov. 25 (Xinhua) -- Naftna Industrija Srbije (NIS), Serbia's only oil refinery, could be forced to halt operations within days unless the U.S. Treasury renews sanctions exemptions for its Russian-owned operator, President Aleksandar Vucic warned on Tuesday. Vucic said that NIS, majority-owned by Russia's Gazprom Neft, has already reduced output and may be completely shut down by Thursday unless the U.S. Office of Foreign Assets Contr......
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