Russia has agreed to sell its stake in the Serbian oil and gas company NIS, which is currently under U.S. sanctions. The sale involves Russia’s majority ownership, which amounts to 56%, controlled through Gazprom Neft and Intelligence JSC, a company affiliated with Gazprom Capital.
Details regarding the new owner of the stake have not been publicly disclosed. The decision to sell comes amidst broader geopolitical and economic considerations related to sanctions and Russia’s energy sector.
The transaction was announced in mid-November, but further information about the buyer and the terms of the deal has yet to be confirmed. The sale could have implications for NIS’s operations and the regional energy market, depending on the future ownership structure and investor profile.
This development highlights ongoing changes in Russia’s international investments amidst international sanctions and evolving geopolitical dynamics.