Serbia's Only Oil Refinery Faces Shutdown Due to US Sanctions

Serbia’s Sole Oil Refinery Under Threat

Serbia’s only oil refinery, responsible for supplying most of the country’s fuel, is on the verge of shutdown due to US sanctions. These sanctions target the refinery because it is majority-owned by a Russian company, directly impacting its operations.

Impact of US Sanctions

The sanctions against the refinery primarily stem from concerns over its Russian ownership structure. This has caused major disruption in the refinery’s ability to operate, threatening Serbia’s fuel supply and energy security.

Production and Economic Consequences

If the refinery shuts down, Serbia will face significant challenges in meeting domestic fuel demand. The refinery plays a critical role in the national economy, and its closure could lead to increased fuel imports and higher prices, affecting everyday consumers and businesses alike.

Wider Geopolitical Context

The situation illustrates the broad reach of US sanctions targeting Russian-affiliated assets globally. It places Serbia at a crossroads, balancing energy needs with geopolitical pressures.

"Serbia’s only oil refinery, which supplies the vast majority of the country’s fuel but is now under US sanctions because of its majority Russian ownership."

This case highlights the complex interplay between geopolitics and energy infrastructure, where international sanctions risk disrupting a nation's critical fuel supply.

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Euractiv Euractiv — 2025-11-25

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