spot_img
Supported byspot_img

Energy expert doubts possibility of sanctions on Serbian Oil Company

Energy expert Miloš Zdravković has expressed skepticism about the possibility of NIS (Naftna Industrija Srbije) being sanctioned, calling the information “completely unbelievable.” He shared his views during an appearance on the Novi Dan program on N1, emphasizing that such sanctions would not harm Russia and questioning what options Serbia would have if sanctions were imposed. Zdravković stated that there is still no official confirmation of the sanctions, only media speculation, primarily within the domestic media.

He also challenged the official explanation behind the U.S. sanctions, which aim to stop the war in Ukraine and target Russia’s budget. Zdravković argued that this rationale doesn’t make sense, particularly when considering Serbia’s negligible influence in the global oil industry. “We like to think of ourselves as very important and significant, but in the world oil business, Serbia is virtually inconsequential,” he remarked.

Furthermore, Zdravković pointed out that if sanctions were enforced, Serbia would likely have very limited options in responding. He noted that no one has ever attempted a nationalization or violent takeover of a superpower’s property, implying that Serbia would be unable to take drastic measures.

Supported by

Meanwhile, Serbian President Aleksandar Vučić confirmed that U.S. Undersecretary for Economic Growth, Energy and Environment, Jose Fernandez, told him that the United States intends to impose direct sanctions on NIS.

Suppported byOwner's Engineer

Serbia’s renewable energy auction sees strong interest with 424.8 MW capacity secured

The second round of auctions for the construction of renewable energy power plants with state incentives has concluded, resulting in a total capacity of...

National Bank of Serbia’s IPS system processes 7.5 million transactions in January 2025

In the IPS NBS system for instant payments, which operates 24/7/365, a total of 7,538,690 transactions were processed in January 2025, according to the...

Vlasina hydroelectric plants to undergo reconstruction with €83.1 million investment

The reconstruction of the Vlasina hydroelectric power plants is set to begin this spring, with a total investment of €83.1 million secured for the...
Supported byspot_img
Supported byspot_img
Supported byspot_img
error: Content is protected !!