Balgarianovinite.com The Serbian Parliament adopted the 2026 State Budget, local media reported on Wednesday. At the proposal of MPs from the ruling Serbian Progressive Party (SNS), an amendment to the budget for next year was adopted, allocating RSD 164 billion (around EUR 1.4 billion) to ensure “the country’s energy security and stability.”
For this purpose, RSD 600 million (around EUR 5.12 million) had initially been planned, the Serbian service of Radio Free Europe reported.
The amendment, announced earlier by Serbian National Assembly President Ana Brnabić, is said to anticipate circumstances under which Serbia would have to take control of the national oil company NIS.
Since October 9, NIS has been under US sanctions due to its majority Russian ownership, and on December 2 the company announced that it had begun shutting down its production facilities at the refinery in the northern Serbian city of Pančevo due to a shortage of crude oil.
At its meeting on November 25, the Serbian government decided to give Russia 50 days to find a buyer for its stake.
If the sale is not completed within this period, the Serbian State will offer the Russian side “the highest possible price” and will take over the management of NIS.
At the beginning of January, the US announced that due to the war in Ukraine and the “secondary risk,” it would impose sanctions on Serbia’s only oil company, NIS, which is majority-owned by the Russian oil giant Gazprom. Washington demanded the complete withdrawal of Russian capital from the company, but only at the end of November did the Russian side announce that it was ready to sell its stake.
A few days ago, Hungarian Prime Minister Viktor Orbán confirmed that the Hungarian company MOL is a candidate to purchase Russian assets in NIS, but did not specify whether he meant the entire Russian-owned share.
The Serbian state holds 29.9% of NIS shares, while the main owner remains Gazprom Neft with 44.9%. At the end of September, the St Petersburg-based company Intelligence, connected to Gazprom, acquired the 11.3% stake of the parent company Gazprom.
NIS was placed under US sanctions on January 10, which came into force on October 9 after being postponed eight times. Serbian Parliament Adopts 2026 State Budget, Allocates RSD 164 Bln to Ensure Energy Security amid NIS Sanctions Crisis 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-12-03 18:29:48 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law