NIS requests 90-day sanctions delay, backed by Serbia.

The Petroleum Industry of Serbia (NIS) has requested a delay of at least 90 days on sanctions from the U.S. Department of the Treasury, with the support of the governments of Serbia and Hungary. The goal is to allow NIS to continue operations while seeking an acceptable solution for its ownership structure. Experts mention three possible scenarios to avoid sanctions: nationalization, the sale of the Russian stake to foreign investors, or an agreement with the EU. Although Serbia’s energy security will not be jeopardized, the sanctions could cause logistical problems. Additionally, it is emphasized…