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'Only 4 days until halt of oil refinery if USA doesn't…': Vucic on Trump sanctions on Russian energy

Published on Nov 26, 2025 10:31 am IST

Serbian President Aleksandar Vučić warns that Serbia’s only oil refinery is days away from a full shutdown as U.S. sanctions bite and an OFAC licence decision looms. Explaining that the NIS refinery has already shifted into reduced “warm circulation” mode, Vučić details how sanctions on Russian owners are hitting Serbia’s fuel security, finances, and strategic position, while Belgrade gives Moscow around 50 more days to find a new buyer. He vows not to nationalise NIS, says Serbia is ready to endure short‑term pain to protect its banking system, and appeals for understanding as the country navigates mounting pressure between Russia and the United States.​

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