BELGRADE, February 9. /TASS/. Serbia hopes it will have some extra time after its oil major NIS (Neftna Industrija Srbije) referred an inquiry for a sanctions postponement to the US Department of ...

the United States is preparing to impose full sanctions on the Petroleum Industry of Serbia (NIS). This announcement has caused concern among officials and citizens alike. The sanctions are ...

Serbia will take steps to acquire the Russian stake in its sole oil company, NIS, following sanctions imposed by the United States and the United Kingdom targeting Russian entities, including ...

On Jan. 10, Serbia's President Aleksandar Vucic said Russian companies were given 45 days to 45 days to exit their ownership in NIS and that any deal would have to be approved by OFAC. On Jan.