financetom
Business
financetom
/
Business
/
Serbia's NIS gets US approval to negotiate sale of Russian stake
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Serbia's NIS gets US approval to negotiate sale of Russian stake
Mar 10, 2026 11:22 PM

BELGRADE, Dec 24 (Reuters) - The U.S. has granted Serbian oil refiner NIS until March 24 to negotiate the sale of its ‌Russian owner's stake, Serbia's state-owned RTS TV ​reported on Wednesday.

However, RTS said NIS ‍had not obtained an operating ⁠licence ⁠that would allow it to buy and process ‌crude oil.

The U.S. ​Treasury Department's Office of Foreign Assets Control imposed sanctions on ⁠NIS in October, ‍as ​part of broader measures against Russia's energy sector, after granting a series ‍of waivers since January.

The sanctions have halted crude supplies via Croatia's JANAF pipeline, shutting down production at the Pancevo refinery.

Russia's Gazprom has ​an ‍11.3% stake in NIS, while its sanctioned oil unit Gazprom ​Neft holds 44.9%. The Serbian government has 29.9%, with the remainder held by small shareholders and employees.

Serbian President Aleksandar Vucic said on Tuesday that Gazprom was ​in talks with Hungary's MOL over a possible sale of its majority stake in NIS.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Foran Mining Reports Additional Intervals of Mineralization Supporting Central Tesla Zone at McIlvenna Bay Project
Foran Mining Reports Additional Intervals of Mineralization Supporting Central Tesla Zone at McIlvenna Bay Project
Jun 17, 2025
06:50 AM EDT, 06/17/2025 (MT Newswires) -- Foran Mining ( FMCXF ) on Tuesday released additional results from its drill program at the Tesla and Bridge zones of the McIlvenna Bay project in Saskatchewan, highlighting expansion potential at Tesla. Hole TS-25-35w2 returned 54.0 meters of continuous mineralization from the central Tesla Zone. Hole TS-25-36w2 returned multiple lenses of mineralization from...
Eli Lilly to acquire gene-editing therapy developer Verve Therapeutics for up to $1.3 billion, companies say
Eli Lilly to acquire gene-editing therapy developer Verve Therapeutics for up to $1.3 billion, companies say
Jun 17, 2025
June 17 (Reuters) - Eli Lilly ( LLY ) will acquire Verve Therapeutics ( VERV ) for up to $1.3 billion, the companies said on Tuesday. Verve is developing therapies targeting genes that regulate cholesterol in the liver. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Walker & Dunlop Arranges $125 Million Construction Loan for Cassi Project in Miami
Walker & Dunlop Arranges $125 Million Construction Loan for Cassi Project in Miami
Jun 17, 2025
06:50 AM EDT, 06/17/2025 (MT Newswires) -- Walker & Dunlop ( WD ) said Tuesday that it arranged a $125 million loan to finance the construction of Cassi, a 107-unit mixed-use project in Miami, Florida. The 20-story project includes 161,444 rentable square feet of residential space as well as 23,000 rentable square feet of retail space, the company said. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved