Serbia's government seeks fourth US sanctions waiver for NIS oil firm amid ongoing economic challenges.

Serbia's government is seeking its fourth waiver from the US to allow NIS oil firm to operate despite US sanctions. The waiver would permit NIS to buy US equipment and technology to improve its operations. The US has imposed sanctions on Serbia over its relationship with Russia.

Serbia's government is seeking its fourth waiver from the US to permit the National Oil Company of Serbia (NIS) to operate despite ongoing US sanctions. The waiver would enable NIS to purchase US equipment and technology to enhance its operational capabilities. The US has imposed sanctions on Serbia due to its close relationship with Russia [1].

Canadian Prime Minister Mark Carney recently announced Can$2 billion ($1.47bn) in military aid to Ukraine, including drones and helicopters, as part of the G7 Leaders' Summit. This aid package underscores the international community's solidarity with Ukraine in the face of Russia's aggression. Additionally, Canada unveiled further sanctions on Russia, targeting 77 individuals and 39 entities, including financial institutions and a major oil and gas company. These sanctions aim to impose maximum pressure on President Vladimir Putin [1].

The current situation highlights the complex interplay between geopolitical tensions and economic sanctions. As Serbia seeks to maintain its oil operations, the US's stance on sanctions and waivers will have significant implications for the region's energy sector. The fourth waiver request from Serbia, if granted, could provide a temporary respite for NIS but may also signal a shift in the US's broader strategy towards Russia and its allies.

References:
[1] https://www.news24.com/world/canada-announces-new-ukraine-military-aid-russia-sanctions-20250617-1111