Energy standoff: US tells Serbia to remove Russian ownership from NIS entirely; Belgrade warns of ‘historic’ decisions ahead

Serbia faces a critical juncture as the US demands complete withdrawal of Russian ownership from its largest oil company, NIS, to lift sanctions. Failure to comply by February 13 could trigger a severe energy crisis, forcing Belgrade to consider nationalizing NIS, a move met with internal resistance. The Serbian government is urging Moscow to understand the gravity of the situation.