US set to sanction Serbia’s main oil company over Russian ownership, Vučić says 


Britain and the EU would likely follow Washington in introducing sanctions 
against NIS, Serbian president says in TV interview. 

NIS is majority-owned by Russia's Gazprom and Gazprom Neft. | Nikolay 
Doychinov/AFP via Getty Images 

December 14, 2024 11:42 am CET 

By Jones Hayden  <https://www.politico.eu/author/jones-hayden/> 

Serbian oil company Naftna Industrija Srbije (NIS) faces financial sanctions 
from the United States as soon as next month because of its Russian ownership, 
Serbian President Aleksandar Vučić said late Friday.

The U.K. and the EU would likely follow the U.S. in introducing sanctions 
against the company, Vučić said in an interview with Serbian broadcaster 
Informer TV 
<https://informer.rs/politika/vesti/971253/intervju-aleksandar-vucic-predednik#google_vignette>
 . That would mean that oil shipments through a pipeline from Croatia would be 
stopped, he said.

NIS is majority-owned 
<https://www.bloomberg.com/news/articles/2024-12-14/gazprom-s-nis-set-to-face-us-sanctions-serbian-leader-says>
  by Russia's Gazprom and Gazprom Neft.

"We got confirmation that in the next few days, the U.S. will introduce 
sanctions against NIS because of Russian ownership 
<https://www.politico.eu/article/serbias-deal-with-gazprom-has-a-rotten-smell/> 
," Vučić told Informer TV. "We are still waiting to get an official paper with 
details." he added.

The U.S. sanctions could take effect 
<https://www.politico.eu/article/serbias-deal-with-gazprom-has-a-rotten-smell/> 
 as soon as Jan. 1, Vučić said.

The U.S. government hasn't commented on the prospect of NIS sanctions. The U.S. 
Treasury Department did not immediately respond to a request for comment, 
Reuters reported 
<https://www.reuters.com/markets/commodities/us-mulls-sanctions-against-serbian-oil-firm-majority-owned-by-russians-president-2024-12-13/>
 .

Meanwhile, Moldova’s parliament on Friday voted in favor of imposing a state of 
emergency in the energy sector over fears that Russia could leave the country 
without sufficient natural gas supplies this winter, according to media reports 
<https://apnews.com/article/moldova-energy-russia-emergency-gas-europe-transnistria-b219e5ef13c14d4529554e092caab4b5>
 .

The state of emergency will start on Dec. 16 
<https://news.google.com/read/CBMitAFBVV95cUxPbzBBS192Vjk5Mlp5enQzNk9pejYxVU5JNHhITndEZmZPdkZXcDktZXdsdWZabDRMX0RVcGdMdEJ1QzV6TWduNlVETEFjNTFWeV9XZGRFeVFnajdUYmt3eS1EVGI1OWhLNDc0aFpidjFNa0xLQ1ZSUEh5endqZGxEMU9sWnU0UW82NGppdEdUZGZ1LWRlRHczUG5UOVFlZEc1dmNfYnhxSndZamFPR2poVXEyWDk?hl=en-US&gl=US&ceid=US%3Aen>
  and last 60 days. A special commission will urgently adopt measures to manage 
“imminent risks” 
<https://kyivindependent.com/moldova-announces-state-of-emergency-over-expected-halt-of-russian-gas/>
  if Moscow fails to supply gas to the Kuciurgan power plant, the country’s 
largest, which is situated in the separatist pro-Russian Transnistria region, 
the AP reported 
<https://apnews.com/article/moldova-energy-russia-emergency-gas-europe-transnistria-b219e5ef13c14d4529554e092caab4b5>
 .

Moldova's Prime Minister Dorin Recean said his country faces an “exceptional 
situation” 
<https://news.google.com/read/CBMitAFBVV95cUxPbzBBS192Vjk5Mlp5enQzNk9pejYxVU5JNHhITndEZmZPdkZXcDktZXdsdWZabDRMX0RVcGdMdEJ1QzV6TWduNlVETEFjNTFWeV9XZGRFeVFnajdUYmt3eS1EVGI1OWhLNDc0aFpidjFNa0xLQ1ZSUEh5endqZGxEMU9sWnU0UW82NGppdEdUZGZ1LWRlRHczUG5UOVFlZEc1dmNfYnhxSndZamFPR2poVXEyWDk?hl=en-US&gl=US&ceid=US%3Aen>
  in which Moscow could deliberately weaponize energy flows 
<https://www.themoscowtimes.com/2024/12/13/moldova-declares-energy-emergency-ahead-of-expected-russian-gas-cutoff-a87321>
  to destabilize the country, and potentially leave people “in the middle of 
winter without heat and electricity.”

 

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