Key Metrics
10.09
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-11-16
Key Impacts
Positive Impacts (5)
Negative Impacts (5)
Event Overview
This event highlights the economic and political challenges faced by a state-owned enterprise under international sanctions. The government's intervention aims to mitigate supply chain disruptions and ensure national energy security, while also demonstrating a strategic response to geopolitical pressures.
Collect Records
Serbian Government Offers to Buy Back Majority Stake in NIS from Gazprom
The Serbian President, Aleksandar Vučić, has announced that the government is willing to buy back the 56% controlling stake in the country's only oil refinery, NIS, from Gazprom at a premium. This move is aimed at helping NIS overcome the challenges posed by U.S. sanctions. If no third-party transaction is finalized, Serbia will make a superior offer. Since the sanctions took effect on October 9, NIS has faced a potential crude supply disruption, with the risk of running out of crude within days, which could severely impact Serbia's economy and credit rating. Vučić stated that there is only one week left to resolve the fuel crisis and emphasized that the necessary funds will be raised, regardless of the cost.