Impact of U.S. Sanctions on Serbian Oil

U.S. sanctioned Serbia's Petroleum Industry (NIS), owned by Gazprom Neft.
Sanctions take effect at 6 am on Thursday.
NIS cannot delay sanctions, risking oil deliveries.
NIS contributes significantly to Serbia's budget and infrastructure.
NIS operations account for a large portion of Serbia's GDP.
NIS will stop accepting MasterCard and Visa payments.

Energy | Economy | Sanctions

United States | Serbia

4 weeks ago