Serbia secures US sanctions waiver for its NIS oil firm, energy minister says
Published on March 20, 2026.
Serbia has secured a waiver from US sanctions for its NIS oil firm, which operates the country's only oil refinery and largest fuel retailer. The extension comes as part of a broader effort to protect the country from shortages and price spikes from the Iran war. The suspension applies to the export of diesel, gasoline and crude oil by all modes of transport. The Serbian government has a 29.9% stake in NIS, while the remainder of the company is owned by small shareholders.
Related Articles
Trump's push for Greenland hangs over Danish election
President Donald Trump's proposal to buy Greenland from Denmark is mired in controversy, with potential military intervention and other issues affecting his administration.
The exclusive Democratic group chat shaping AI policy
Democratic state lawmakers in the US are coordinating AI policy in a private Signal group, addressing industry lobbying and ensuring consistency among state lawmakers to shape national standards.
U.S. says Cuba is prohibited from taking Russian oil as two tankers head to island
The U.S. restricts Cuba from taking Russian oil, despite potential shipments from Russia, risking its economic stability and collaboration with Russia.