Overview
- President Aleksandar Vucic said a decision must come within seven days to keep the refinery running and safeguard domestic fuel supply.
- The United States told the company’s owners they have three months to find a buyer as OFAC insists on a complete Russian exit and rejects management-only changes.
- Banks have frozen NIS transactions, and company representatives say crude stocks could be exhausted after November 25, risking a refinery shutdown.
- Negotiations continue between Russian stakeholders and unnamed Asian and European partners over a potential share sale.
- Vucic ruled out confiscation and said Serbia could make an above‑market offer if private talks fail, as officials warn prolonged sanctions threaten growth and investment.