Serbia's Russian-owned oil company NIS has requested a special licence from the U.S. Treasury Department’s Office of Foreign ...

Trump’s new sanctions forced Bulgaria to seize Lukoil’s Neftohim refinery and cut Russia out of the country’s energy sector.

A unit of Russian gas giant Gazprom has acquired a 51% stake in Russian luxury carmaker Aurus, the Vedomosti newspaper ...

Serbia is willing to pay a premium to regain control of oil refiner NIS AD as it seeks ways to unshackle the Russian-owned ...

OANDA reports that Western sanctions on Russia have failed to collapse its economy, leading to de-dollarization and advanced ...

Ah, St. Petersburg. The city of tsars, stunning architecture, and apparently, a burning desire to host a tennis tournament, ...

NIS' Russian owners are ready to give up control of the Serbia-based oil firm as U.S. sanctions threaten fuel supplies to the ...

It was a late September night when muffled blasts and a stream of bubbles broke the surface of the Baltic Sea. Explosions had ripped through the two Nord Stream gas pipelines, Russia’s gas highway ...

Serbia faces a critical decision to secure fuel supplies from the Russian-owned NIS refinery without resorting to ...

Slovakia's main gas importer, SPP, has sourced 33% of its gas from Russia this year, with the remainder from other suppliers.

The Russian majority owners of Serbia’s sole refinery, NIS, are negotiating to cede control to a third party and have ...

The Abu Dhabi National Oil Company, based in the United Arab Emirates, is in talks to buy Russia’s stake in energy behemoth ...