Serbia's Energy Crisis: US Waiver Decision Looms
Update: 2025-12-02
Description
Serbias Energy Crisis: A Ninety-Day DecisionSerbias only oil refinery, NIS, faces shutdown due to U.S. sanctions, threatening fuel shortages, industrial slowdowns, and political instability. Belgrade seeks a ninety-day waiver to allow ADNOC to operate the refinery, similar to waivers granted to neighboring countries. The situation carries political weight as Serbia supports U.S. policy in the region, angering Moscow and leading to Russian-backed opposition movements. A U.S. waiver would stabilize energy supply and reduce Russian influence, while rejection could trigger an energy shock and political turbulence.
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