Serbia faces US sanctions deadline on NIS and Russian gas deal expiry

US sanctions on Serbia's oil company NIS and the year-end expiry of the gas agreement with Russia present immediate challenges for Serbia's new government. The US Treasury has granted Hungarian MOL extra time for steps in acquiring a stake in NIS, but this does not signal approval or sanctions relief. The outcome will determine Serbia's energy security and its balancing act between Western sanctions and Russian energy dependence.

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