economy

February 21, 2026

WE GOT A LICENSE UNTIL MARCH 20! Vučić revealed the plan for NIS and the refinery: There will be no fuel problems, the economy must continue to grow!

President of Serbia Aleksandar Vučić is visiting the Zaječar and Bor districts today, and during his visit to Kladovo, he spoke with citizens about current energy issues, especially regarding the operations of the Naftna industrija Srbije (NIS).

WE GOT A LICENSE UNTIL MARCH 20! Vučić revealed the plan for NIS and the refinery: There will be no fuel problems, the economy must continue to grow!

TL;DR

  • NIS has received a new special license from the U.S. Department of the Treasury, valid until March 20.
  • This license allows NIS to continue its operational activities, including importing crude oil, refining, and transactions necessary for supply security.
  • The extension is seen as good news for Serbian citizens, ensuring a stable supply of petroleum derivatives.
  • Discussions are ongoing regarding NIS's ownership structure and long-term sanctions relief.
  • The Adriatic Pipeline also received a license extension until March 20, 2026, ensuring crude oil transport for NIS.

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