Even with the problems arising from the US sanctions imposed on the Russian-owned Serbian Oil Industry (NIS), the debate surrounding it and Serbia's foreign policy remains focused on keeping close to Russia in order to achieve nationalist and revanchist goals of the past.
Category: Russia
Serbian World is the cancer of Serbia
On the 30th anniversary of the Dayton Peace Agreement, Russian Foreign Minister Sergey Lavrov called for the abolishment of the office of the high representative in Bosnia and Herzegovina that oversees the implementation of the Dayton peace accords plan, echoing the sentiments of Kremlin's ally Milorad Dodik, the former president of Republika Srpska. But the European Union would disagree.
ADNOC Negotiates to Purchase NIS Stake Amid US Sanctions
Abu Dhabi National Oil Company is negotiating to acquire the Russian stake in Serbia’s NIS amid U.S. sanctions affecting the Serbian oil industry. The agreement's future is uncertain, with U.S. sanctions complicating transactions. NIS applied for a license to facilitate negotiations regarding its ownership structure. Neither ADNOC nor the Kremlin has commented.
Rio Tinto’s Jadar lithium and boron project in Serbia on hold
Rio Tinto has paused its Jadar lithium and boron project in Serbia. The company aims to support employees during this transition while adhering to local laws. Activists welcome the pause but seek a permanent ban on lithium and boron exploitation in Serbia.
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.
Croatian JANAF pipeline stands to lose up to 18 million Euros after Serbian NIS hit with sanctions
The American sanctions on Serbia's Oil Industry might lead to significant financial losses for Croatia's Adriatic Pipeline (JANAF). Croatia put forward a feeler to acquire control over Serbia's Oil Industry (NIS) to stabilize JANAF's operations, sparking political banter between Croatian and Serbian leaders, which reflects old Balkan rivalries and energy independence goals.
Retro review: Syrian Warfare – a real-time tactics from Russia with hate
Squad 22: ZOV, a Russian strategy game, doesn't hide the fact that it's Russian militarist propaganda. But before that, there was Syrian Warfare, a Russian-developed pro-Assad agitprop released in 2017, masquerading as a genuinely good real-time tactics game. Not sure why I wrote this review, but here it is.
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.
