OFAC stopped the sale of Serbia’s NIS subsidiary companies in Romania, Bulgaria and Bosnia and Herzegovina

The Serbian Oil Industry NIS, faces additional problems due to sanctions resulting in closed gas stations and blocked accounts across Romania, Bulgaria, and Bosnia and Herzegovina. Cumulatively, losses amount to around 360 million euros, burdening Serbian taxpayers and shareholders, while attempts to sell subsidiaries have stalled due to OFAC sanctions.

Serbian media: Serbia lacks 216,000 tons of crude oil per month, MOL fire could affect the fuel supply to Serbia from Hungary

Serbian media reported Serbia's need to import 216,000 tons of crude oil monthly due to US sanctions affecting the NIS. Following US sanctions, Serbian oil quandaries multiply after the EU decision to halt gas transit to Serbia through Bulgaria next year, and a fire in a Hungarian oil refinery that might affect fuel supply to Serbia.

Illiberalism and The Global South are fueled by the Mandate of Heaven

Illiberal political movements in Europe, associated with their ideological allies from Russia, China, and the Global South, cannot be countered by the committees of overthinking everything - Europe is doing itself a disservice by getting dragged into foreign cultural conflicts and upholding foreign values that go against rationalism and the Enlightenment.

Vladimir Putin decided to put in a good word for Serbian Gen Z protests

After eleven months of protests in Serbia, Vladimir Putin expressed understanding for the student and civic activists, calling them patriots deserving of dialogue. He criticized Western interference, asserting that Serbia’s struggles are an internal matter. The protests coincide with the anniversary of the fall of Slobodan Milošević.