US tells Serbia to zero out Russian ownership of largest national oil company

  To avoid US sanctions, Serbia should completely remove Russian ownership of the National Oil Company of Serbia (NOCS), the country\’s largest energy company, US Assistant Secretary of State for European and Eurasian Affairs James O\’Brien said. On Friday, the administration of outgoing US President Joe Biden imposed its broadest package of sanctions to date, […]

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Russian Economy vs. Sanctions

Daily Standup Top Stories What do oil and gas exports mean to the Russian economy? How will the new Biden Sanctions play with President Trump’s negotiations? January 12, 2025 Clark Savage ENB Pub Note: The following article is an excellent summary from Alexandra Prokopenko and Alexander Kolyandr about what the oil and gas exports mean to […]

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‘Not much good news’ on US sanctions – Serbian president

Aleksandar Vucic has vowed to protect Serbia’s energy security following talks with a top US energy official Serbian President Aleksandar Vucic has acknowledged forthcoming challenges regarding potential US sanctions against Naftna Industrija Srbije (NIS), a key energy company in Serbia co-owned by Russian energy giant Gazprom. Following talks with US Under Secretary for Economic Growth, […]

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