NIS Serbia (Naftna Industrija Srbije) is a leading oil company engaged in the production, processing and sale of oil and gas.
The Serbian Oil Corporation (NIS) has come under pressure from the United States, which is demanding the withdrawal of Russian capital from the company. Serbian President Aleksandar Vučić is talking about the "toughest sanctions" from the United States. He announced that he will discuss the issue with Vladimir Putin.
Partnership with Gazprom Neft; Gazprom has a 50% stake in NIS. Serbia expects US sanctions against local Gazprom Neft structure Serbian NIS, where 56.15% is owned by Russian companies, may fall under US sanctions as early as January 1, 2025, said the country's President Aleksandar Vucic. In 2022, the company's main shareholder, Gazprom (MOEX: GAZP) Neft, reduced its stake to avoid restrictive measures, and so Gazprom appeared in NIS's capital. Now Belgrade is talking about the need for a new reduction in the package. The most likely contender for the stake is the Serbian authorities, analysts believe.