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.
Category: 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.
Top 5 Companies with Biggest Losses in Serbia 2024
In 2024, the largest net loss in Serbia was reported by Continental Automotive Serbia at nearly 170 million euros, followed by HBIS Group with around 150 million euros. Arena Channels Group, Putevi Srbije, and Petrohemija Pancevo also faced significant losses. Conversely, top gainers included Elektroprivreda Srbije and others.
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.
Why didn’t the working class join the student and civic protests in Serbia?
Overworked and underpaid, often in unsafe working environments, the people employed by the Serbian manufacturing, retail, transport, construction, and mining sectors, faced with disdain, negligence and callousness stemming from both opposed camps, aren't exactly motivated to join either side of the ongoing protests in Serbia.
Oil industry sanctions: Serbia is once again a victim of its own stupidity
On October 9th, the Serbian Oil Industry NIS faced US sanctions due to its Russian ownership. The sanctions impact its operations, causing payment issues at petrol stations and halting fuel sales to airlines. In response, Hungary's MOL will increase oil supplies to Serbia. Any hardships caused to local population most likely will not lead to re-examining the failed Serbian policies that lead to this.
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.
Let them eat BRICS
Dragan Djilas of Serbia's Freedom and Justice Party emphasized the need for a strong European message to the Western Balkans, advocating for elections in EU candidate countries. Meanwhile, sentiments against EU inclusion rise, with leaders like Aleksandar Vulin promoting "sovereignty" and alternative alliances like BRICS.
The futility of the anti-Western sentiment of Serbian protests
Serbian student protesters from the Faculty of Fine Arts have condemned the Israeli interception of the humanitarian ship Adara, demanding information about arrested volunteers, including colleague Ognjen Marković. Their stance reflects a broader tendency in Serbian discourse that embraces resisting perceived Western dominance, alienating liberal citizens and conservative supporters alike.
Nedeljnik: Another company from the Gazprom group now has 11.3 percent of the capital of NIS
The St. Petersburg firm "Intelligence" acquired 11.3 percent of Naftna industrija Srbije's NIS shares, previously owned by Gazprom, without compensation. This change comes amid NIS's repeated requests for exemptions from US sanctions. The largest shareholder remains Gazprom Neft, while Serbia's potential interest in buying NIS faces financial constraints.
