NIS

Serbia: NIS Group maintains market stability despite loss in H1 2025 Read More »

Serbia: NIS Group maintains market stability despite loss in H1 2025

In the face of a challenging macroeconomic environment during the first half of 2025, the NIS Group remained committed to maintaining market stability, ensuring a steady supply of all fuel types, and protecting the social welfare of its employees. These strategic priorities were successfully upheld despite a complex operating environment. The company’s financial and operational […]

Serbia: US Treasury extends sanctions delay on NIS for fifth time Read More »

Serbia: US Treasury extends sanctions delay on NIS for fifth time

The US Treasury Department has postponed the activation of sanctions on Serbian oil company NIS for an additional 30 days, marking the fifth extension since January. Serbian Energy Minister Dubravka Djedović noted that securing a further, longer reprieve is currently not possible. She attributed the decision to the broader geopolitical situation and complex negotiations among

Serbia: NIS seeks extension of US sanctions license to continue operations beyond June 27 Read More »

Serbia: NIS seeks extension of US sanctions license to continue operations beyond June 27

Serbian oil company NIS has submitted a new request to the US Department of the Treasury for a special license to extend the postponement of full sanctions enforcement. This extension would allow NIS to continue its regular operations beyond June 27, when its current temporary license—granted on April 25—is set to expire. In March, NIS

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit Read More »

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit

The Board of Directors of Serbian oil company NIS has submitted a proposal to the shareholders’ assembly detailing the allocation of its 2024 profit. In line with long-standing company policy, NIS intends to distribute 25% of its annual profit to shareholders as dividends—a tradition maintained consistently, except during the pandemic. According to the board’s proposal,

Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS Read More »

Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS

In response to US sanctions targeting its energy sector, particularly the oil company NIS, the Serbian Government has enlisted the lobbying services of BlackSummit Capital. The firm’s role is to assist Serbia in navigating the sanctions imposed on NIS, which is partly owned by the Russian company GazpromNeft. A document from the US Department of

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