The Good, the Bad, and the Ugly: Serbian energy crisis amid US sanctions, Russia’s ouster, and Hungarian rescue
On 9 October 2025, US Department of the Treasury (OFAC) has imposed secondary sanctions which target Russian oil and gas sectors and extend their pressure on NIS (Naftna Industrija Srbije), the main Serbian energy company, because of the majority share owned by the Russian Gazprom Neft (44.85 per cent) and JSC Intelligence (11.3 per cent)….
