Serbia Without Russian Oil from November 1 – NIS to be Forced to Get Black Gold from Other Suppliers

The sixth package of EU sanctions toward Russia means that it will no longer be possible to buy crude oil from this state from November 1, so Naftna Industrija Srbije (NIS) will have to get oil from other suppliers in the market, as has partially been the case so far, the minister of mining and energy of Serbia, Zorana Mihajlovic, stated today.

She said that she believed that it would not influence the market in Serbia.

– The sixth package of EU sanctions envisages the ban on export of Russian crude oil from November 1. After this period, it will be possible to get crude oil only from the free market. We have known about this decision for two months now and we are doing everything we can to find a way to prevent a disturbance in our market and I believe that we will manage to do so. Naftna Industrija Srbije gets crude oil through JANAF and has not been buying Russian oil exclusively, instead also importing it from Iraq and other countries. The overall balance consisted of around 50% Russian oil, 30% from other suppliers and 20% local crude oil – Mihajlovic said in response to the journalists’ questions in Krusevac, as announced on the ministry’s website.

On Saturday, following his meetings with representatives of Serbs from Kosovo and Metohija, the president of Serbia, Aleksandar Vucic, said that, from November 1, Serbia would be under sanctions for Russian oil.

Ministry of Mining and Energy

Naftna industrija Srbije

NIS

Janaf

Aleksandar Vučić

Zorana Mihajlović

sanctions for Russian oil

Russian oil

embargo on Russian oil

export of oil

sixth package of EU sanctions