US Sanctions Hit Serbia’s Oil Giant NIS, Raising Fears of Economic Fallout
Federaţia Rusă
US sanctions targeting Serbia ’s Petroleum Industry ( NIS ) officially took effect on October 9, following several months of postponement. The measures, introduced in January as part of Washington’s broader effort to limit Russian energy exports after Moscow’s invasion of Ukraine in 2022, are now in force against the company that runs Serbia ’s only oil refinery. After the 6 a.m. deadline, NIS confirmed that it had not received another extension of the special license issued by the US Treasury
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