Russia must exit ownership of the Petroleum Industry of Serbia (NIS), either by selling its stake to a foreign company—such as ADNOC from the UAE—or to the Serbian state, which President Aleksandar Vučić says is ready to pay the maximum price. If Russia does not finalize a sale within 50 days, Serbia will introduce temporary administration at NIS and then present its purchase offer.
Experts estimate that the value of NIS’s controlling stake could reach several billion euros, significantly higher than in 2008, due to large investments and annual profits exceeding €1 billion.
Analysts warn that failure to resolve the situation could affect fuel supply and prices. Short-term shortages are not expected, but prolonged uncertainty could lead to higher fuel prices, renewed inflation, and major economic disruptions if the Pančevo refinery halts operations.
Vučić stated that without a U.S. license, Serbia faces “difficult days,” and banks may stop cooperating with NIS. Meanwhile, Parliament is preparing a budget amendment to legally enable a state takeover if needed.
