Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

US extends Serbian oil firm NIS's sanctions waiver for 30 days, President Vucic says

Published by Global Banking & Finance Review

Posted on March 28, 2025

1 min read

· Last updated: January 24, 2026

Add as preferred source on Google

Russian military advance in eastern Ukraine ahead of Trump-Putin summit - Global Banking & Finance Review — Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.

Global Banking & Finance Awards 2026 — Call for Entries

BELGRADE (Reuters) - The United States Treasury has granted a 30-day extension to the Serbian oil company NIS's sanctions waiver, Serbian President Aleksandar Vucic said on Friday. NIS operates

US Grants 30-Day Extension on Serbian Oil Sanctions Waiver

BELGRADE (Reuters) - The United States Treasury has granted a 30-day extension to the Serbian oil company NIS's sanctions waiver, Serbian President Aleksandar Vucic said on Friday.

NIS operates Serbia's only oil refinery, which has an annual capacity of 4.8 million tons and covers most of the Balkan country's energy needs.

It is majority-owned by Russia's Gazprom Neft and Gazprom.

The waiver had been due to expire at midnight.

“We have received another 30 days of sanctions reprieve for NIS ... Thanks to our American partners for understanding,” Vucic said in a post on Instagram.

(Reporting by Aleksandar Vasovic; Writing by Antonis Pothitos; Editing by Kevin Liffey)

Key Takeaways

US Treasury extends NIS's sanctions waiver by 30 days.
NIS operates Serbia's only oil refinery with a 4.8 million ton capacity.
The waiver was set to expire at midnight.
NIS is majority-owned by Russia's Gazprom Neft and Gazprom.
President Vucic thanked US partners for the extension.

Frequently Asked Questions

What is the main topic?

The main topic is the US Treasury's extension of the Serbian oil company NIS's sanctions waiver for 30 days.

Who owns the Serbian oil company NIS?

NIS is majority-owned by Russia's Gazprom Neft and Gazprom.

Why is the sanctions waiver important?

The waiver is crucial for Serbia's energy needs as NIS operates the country's only oil refinery.

Buckingham Palace says King Charles' trip to the US to go ahead

Italy to extradite suspected Chinese hacker wanted by US authorities, says source

Soccer-Chelsea reach FA Cup final with 1-0 win over Leeds

Netanyahu's biggest rivals join forces for Israel's next election

Israel issues evacuation warning for seven Lebanese towns beyond 'buffer zone'

Athletics-Kenya's Sawe shatters elusive two-hour marathon barrier to win in London

More from Headlines

Explore more articles in the Headlines category

UK's Starmer and Trump discuss 'urgent need' to restore shipping in Strait of Hormuz

Pope Leo says those who wage war are thieves stealing away our peaceful future

King Charles relieved Trump and first lady unharmed after shooting

Northern Ireland police investigate car explosion as attempted murder

UK says cooperating closely with US on security ahead of King Charles' visit

Israeli attacks kill at least four Palestinians in Gaza, medics say

Six passengers injured evacuating from Swiss Air flight in India, Economic Times says

Trump removed from White House correspondents dinner as attendees take cover

Car explodes outside police station in Northern Ireland, Belfast Telegraph reports

US-Iran peace hopes fade as Trump scraps talks

Ukraine marks 40th anniversary of Chornobyl disaster under cloud of war

Russia's parliamentary speaker visits Pyongyang, KCNA says

View All Headlines Posts