As US sanctions targeting Serbian Russian-owned oil company NIS approach their 8 October enforcement date, Russian negotiators have put forward several proposals aimed at avoiding restrictions, according to Serbian media reports. One proposal reportedly involves transferring the 11.3 percent stake in NIS, recently moved by Gazprom to its subsidiary Intelligence, to an American company. This […]
In September 2025, a total of 457,625 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX, marking a 4.3 percent decrease compared to August, with an average of 15,254.2 MWh per day. Trading volumes were also 9.9 percent lower than in the same month of the previous year. The
Serbia’s Spatial and Urban Planning Agency has announced a public review for the proposed urban and architectural plan to convert the Kolubara A thermal power plant into a solar energy facility. The project involves decommissioning the existing ash, slag, and coal landfills to prepare the site for renewable energy infrastructure. The concept was developed by
Serbia seeks solution to US sanctions on national oil company NIS Read More »
Finance Minister Sinisa Mali stated that discussions are ongoing with both Russian and US representatives to find a solution that safeguards the interests of Serbian citizens. He stressed that Serbia did not trigger these sanctions and must ensure that its energy security is not compromised. The government’s priority, according to Minister Mali, is to prevent
Serbia: NIS requests U.S. license to delay sanctions and removal from SDN list Read More »
Serbian oil company NIS has confirmed that it submitted a new request to the U.S. Treasury Department for a special license to delay the full implementation of sanctions, allowing the company to continue operations. In addition, NIS filed a separate application to be removed from the Specially Designated Nationals (SDN) list, a process described as
Serbia: US delays sanctions on NIS until early October Read More »
The enforcement of US sanctions on Serbian oil company NIS has been postponed until 8-9 October. The measures were originally set to take effect on 1 October, but discussions between Serbian President Aleksandar Vučić and US officials led to the short extension. President Vučić previously confirmed that additional talks with US representatives had requested the
Serbia: US sanctions on NIS set for October 1 after brief extension Read More »
Serbian President Aleksandar Vučić announced that the United States has extended the sanctions deadline for the country’s oil company NIS by only four days, making them effective from October 1, 2025. The United States placed Serbia’s largest oil firm under sanctions on January 10, citing secondary risks tied to its majority Russian ownership in the
During her official visit to Baku, Serbian National Assembly Speaker Ana Brnabić announced that Serbia will receive additional natural gas supplies from Azerbaijan this winter, supplementing previously agreed volumes. She emphasized that these extra deliveries, requested by President Aleksandar Vučić, will be vital for ensuring energy stability during the upcoming heating season. Brnabić also highlighted
Swiss company SSWISS GROUP AG, owner of the solar panel brand Swiss Solar, has announced plans to invest 50 million euros in renewable energy development in Serbia. This move highlights the strategic importance of the Balkans for Europe’s transition to green energy and positions Serbia as a key player in the clean energy sector. Serbia
Serbia: Gazprom transfers NIS stake to subsidiary ahead of US sanctions deadline Read More »
Russian company Gazprom has formally withdrawn as a shareholder in Serbian oil company NIS, transferring its 11.3 percent stake to another Russian firm, Intelligence, just days before U.S. sanctions against NIS are scheduled to take effect on September 26. After the transaction, GazpromNeft remains the largest shareholder with 44.85 percent, the Serbian government holds 29.87
