What did Gazprom Neft say about the timeline for completing the sale of its stake in Serbia's NIS?

Gazprom Neft stated that talks on the sale of its stake in Serbia's NIS 'continue' and that the process 'will take time to reach an agreement', describing it as 'a complex deal'. Its CEO Alexander Dyukov confirmed this during the company's shareholder meeting, as reported by Interfax.

Why is Gazprom Neft selling its stake in NIS, and what recent U.S. action affects the timeline?

The U.S. imposed sanctions on NIS last year, targeting the Russian energy sector over Moscow's war in Ukraine, and demanded that Gazprom and Gazprom Neft divest their NIS shares. In response, the U.S. Treasury's Office of Foreign Assets Control recently extended a license for Hungary's MOL to negotiate the purchase of a majority stake in NIS until July 1.

Russia's Gazprom Neft Says Talks on Serbia's NIS Sale Need Time

Jun 25, 2026

Gazprom Neft stated that selling its stake in Serbia's NIS requires more time due to complexity. Hungary's MOL holds an extended license until July 1 to negotiate a majority purchase amidst US sanctions targeting the Russian energy sector.

reuters

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Russia's Gazprom Neft Says Talks on Serbia's NIS Sale Need Time

Russia's Gazprom Neft Says Talks on Serbia's NIS Sale Need Time

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